Romania, more and more indebted

Autor: Claudiu.Padurean din 8 aprilie 2018, Vizualizari: 587

Romania, more and more indebtedOn Thursday, the National Statistics Institute (INS) revised the figures regarding the economic growth in 2017, down from 7% to 6.9%. No matter from the viewpoint you look to it, the economic growth is huge. As the ruling coalition says, the highest in the world, according to RomaniaJournal.ro.


 

No surprise thus that the messages coming from the ruling coalition, made up by PSD and ALDE are related to this development, with stress also on the wage increases in the past year and a half, and that the situation is under control. PM Viorica Dancila criticized earlier this week, in her speech in Parliament, the voices coming from opposition, which anticipated an economic crisis or collapse, due to the development based on consumption.

 

In a recent comment, digi24.ro points to the fact that, although the economic growth was impressive in 2017, Romania has borrowed money, huge amounts, as much as it borrowed from the IMF in 2009, i.e. EUR 11.83 billion. And the loans are ongoing, with higher interest rates.

 

Hence, let’s look at the amounts borrowed by Romania last year:

  • In three and a half months last year, Romania borrowed EUR 4.7 billion;
  • April 2017 – RON 4.390 billion + EUR 1.75 billion;
  • May 2017 – RON 4.192 billion;
  • June 2017 – RON 5,929 billion + EUR 100 million;
  • July 2017 – RON 5.565 billion;
  • August 2017 –RON 3.632 billion;
  • September 2017 – RON 3.679 billion;
  • November 2017 – RON 1.160 billion + EUR 1 billion;
  • December 2017 – RON 1.349 billion.

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