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. Rates 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% of what? 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.,
I always associated this site (B1) with the name of two terms, twice suspended, twice attempted to be removed from office by referendum, survived 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 for 2025 is a staggering 85 billions euros (third column), which is close to the governmental spending budget for the same year of @100 billion and bigger than the income 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, it is 5.2 % and not 37% of total debt 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 to the population with, the numbers on the central banks sites could be much higher as well.
Like they always calculate deficit by dividing with GDP which is much higher than the budget. In the case or Romania, if they divided deficit (146 billion) which is spendings (808) minus revenues or (662 billion lei) to spendings (808) or revenues (662), as it would be natural, not GDP (1600), it would be something much bigger, or really scary for the population. 22% deficit not 7.9% (still highest in EU EU) as they said it was.
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?
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