Tanczos Barna: Finance Ministry Borrowed at a High 7.9% Interest Rates
Finance Minister Tanczos Barna revealed that Romania borrows from international markets at very high interest rates, adding that these can decrease if the government shows predictability and credibility. “This is the first year in which we must return to a predictable path and move towards the 3% deficit in the 7 years that Romania has assumed,” he said.
“Today, the Ministry of Finance borrowed at an interest rate of 7.9%. The interest rates are very high precisely because of this high exposure. In 2024, Romania borrowed on international and national markets for the amount of 250 billion lei. The plan for 2025 is 231 billion. “We can only reduce the cost of interest if we show predictability, credibility and keep our word,” Tanczos Barna told Europa FM on Thursday.
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Oups! that is a really high Rate.