{"id":1700,"date":"2024-09-17T06:00:43","date_gmt":"2024-09-17T06:00:43","guid":{"rendered":"https:\/\/ofero.news\/?p=1700"},"modified":"2024-09-17T06:00:43","modified_gmt":"2024-09-17T06:00:43","slug":"analyst-warns-rising-public-debt-service-hinders-romanian-govt-s-capacity-to-stimulate-growth","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=1700","title":{"rendered":"Analyst warns rising public debt service hinders Romanian Govt.\u2019s capacity to stimulate growth"},"content":{"rendered":"<p>The latest data revealing widening twin deficits in Romania, published at the end of last week, prompted concerns and pushed up the yield of the 10-year bonds to 6.89% from 6.75% before, putting pressure on the public debt service, warned Adrian Codirlasu, deputy president of the CFA Romania Society.<\/p>\n<p>This is severely hindering the government\u2019s capacity to provide fiscal stimulus in the coming quarters, when such a policy is needed more, he explained, as quoted by <a href=\"https:\/\/www.economica.net\/vine-recesiunea-pana-la-sfarsitul-anului-ponderea-dobanzilor-la-datoria-publica-ar-putea-creste-de-la-12-la-25-sau-chiar-3-din-pib_773600.html?mc_cid=995e47f354&amp;mc_eid=cd1f92f96c\" target=\"_blank\" rel=\"noopener\">Economica.net<\/a>.<\/p>\n<p>The interest on public debt rose by 17% in the first seven months of 2024 to 1.2% of GDP (still at the same level as in January-July 2023), and Codirlasu expects these costs could increase to 2.5% or even 3% of GDP by the end of the year from 1.9% in 2023.<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: <a href=\"https:\/\/www.dreamstime.com\/\" target=\"_blank\" rel=\"noopener\">Dreamstime.com<\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The latest data revealing widening twin deficits in Romania, published at the end of last week, prompted concerns and pushed up the yield of the 10-year bonds to 6.89% from 6.75% before, putting pressure on the public debt service, warned Adrian Codirlasu, deputy president of the CFA Romania Society. This is severely hindering the government\u2019s [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1700","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1700"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1700\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}