Romania is in a good situation, but its deficits are huge. The lion is not a spare currency, so the NBR cannot print money as he wants, to satisfy all social desires, because all this generosity is paid by inflation. The data published on Wednesday evening show that Romania borrowed 152 billion lei last year (30 billion euros) to cope with the state expenses. A huge sum for the power of the state and impossible to support in the future, as a deficit. 2.1% of GDP were the expenses made last year only for the payment of interest on the public debt – a percentage that was reached only in 2020, in Covid crisis, when the state paid salaries for those who had to stay in the house. Many people compare the state revenues with a household and say: it is not much to pay 5% of the income with the credit with which you took your house. Only: when you get sick you go to the doctor. When you want to go to school, don't learn at home. All these services are social services – you are sure to pay them by taxes. The comparison goes to a point. In 2024, the expenses of the budget with interest on loans were 36 billion lei (7.2 billion euros). That is, almost as much as the state allocates education.
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