USR draws attention to the fact that Romania's public debt has exceeded half of GDP

RADIO ROMANIA NEWS - USR draws attention to the fact that Romania's public debt has exceeded half of the gross domestic product, without the Government initiating a plan of measures to remedy the situation, as stipulated by the Fiscal-Budgetary Responsibility Law. The former finance minister, Senator Anca Dragu, states that the money for paying pensions and salaries comes from loans taken by the state with interest and is not supported by the economy, which can lead to collapse.

Anca Dragu: "Loans in 2023 will exceed 30 billion lei - it means about 30% of all pensions paid in Romania in one year, in 2023, respectively, all this money is not found in the economy, but is paid for loans, for the interest related to these loans. Those who give us these loans are worried that the debt is growing, spending is unmanageable and the Government is not coming with any set of measures."

Anca Dragu also says that Romania pays the interest rate on loans somewhere around 7-8% while the northern countries, the Baltic countries pay below three percent, RRA editor Iulia Gherman told us.

Translated by: Radu Matei