After the financial crisis of 2008, most European governments began to live more and more in debt. To cover their expenses and budget holes, states began to borrow more and more, and public debt grew.

The building of the Government of RomaniaPhoto: Inquam Photos / Octav Ganea

Two years of the pandemic became a new blow. These years, engulfed by multiple crises at the European level, have come with new additional costs for governments that have poured money and incentives into the economy and population to overcome the blockage caused by the health crisis.

Romania has joined the European trend, but it is not bad in this debt section. Despite public debt increasing by more than ten percent, from 35.2% of GDP in 2019 to 48.9% in 2021, Romania still has one of the lowest public debts in the European Union, according to the International Monetary Fund. of the Union

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