6:42 AM We don't need your education! Pink Floyd sings on the radio exactly when i opened the blog editor to write something. Like it did 100 times before.
The annual cost or Romania's public debt. Installments and interests that is.
As i was thinking to go at the radio to stop it which is next to the kitchen window, the guy from upstairs decided to sync his departure (which is @ this hour, but it never hurts to sync it with something, does it) after working the floor for half hour, to my approach to the window which would make me very close to the stairs (yes at the window) he is climbing down.
I am appalled and perplexed by the way Romanian TV and site B1 "informs" the Romanians about Romania's public debt costs associated with it. 5.2%, the biggest of all EU countries, letting all us guessing. 5.2% relative to what? Mostly after i brought to attention the absolute numbers which are on the site of BNR.
If we apply it to Romania's GDP for 2025, we get something around 21 billion dollars. But most likely they are implying it is 5.2% of the debt itself (of 227 billion euros, December 2025). Quoting Eurostat, the official statistics site of EU Commission.
Most interests are for bonds and bills which care an interest bigger than than 5.2%. But short term debt has a much higher "service rate" and probably also interests in the range of 20% or more.
I always associated this site (B1) with the name of two terms, twice suspended, twice attempted to be removed from office by referendum, surviving each time, ex president Băsescu but have no clue as who is its CEO and staff or sponsors. It is number one in my list with bookmarked Romanian news site.
On the site of Romania's Central Bank, BNR (Romania National Bank) the figure of costs associated with debt for 2025 is a staggering 85 billions euros (third column), which is close to the governmental "state" spending budget for the same year of @100 billion and bigger than the income (revenue) state budget of @70 billion (357 billion lei) or 37% of the debt itself! (227, second column).
Yeah i know what they are trying to do. By pulling this chart, though they acknowledge Romania has the highest rate of spendings associated with debt in Europe, that it is 5.2 % and not 37% of total debt as it is in reality and that is supposed to be more credible by comparing it to all the other countries. How do we know all the other countries are not spending much more?
These are the numbers they feed the population with, the numbers on the central banks sites could be much higher as well.
Another example. They calculate deficit by dividing with GDP which is much bigger than revenue.
In the case or Romania, if they divided absolute deficit (147 billion lei, which is "general consolidated budget" expenditures or 809 billion lei, minus "general consolidated budget" revenues or 662 billion lei) to expenditures (809) or revenues (662), as it would be logical, not to GDP (1916), it would be something much bigger, or really scary for the population. 22% deficit not 7.65% as they said it was (still highest in EU).
7:20 As i went, after i finished writing the above, to the kitchen to eat something, the radio was playing "Hungry Eyes", they do this all the time, either i am in the car or here, playing something related to what i'm doing, all radio stations, no matter which i'm on. So i just shut it down.
7:50 For how long am i supposed to fight all by myself with these cons and crooks, the gang of world rulers?
12:50 PM A weird, unidentified buzzing sound started about 10 minutes ago. Also a base upstairs.
2:45 The black BMW.
2:50 Eugen Tomac?
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