Chicu: National Debt Problem Is a Ticking Bomb for Our Country

The problem of public debt is a time bomb for the country’s financial stability, said one of the leaders of the Alternativa bloc, former Prime Minister Ion Chicu, on social media. “During the PAS administration (since 2021), the national debt has increased from 67 billion to 127 billion lei. In other words, it has effectively doubled. While in 2020, high-interest loans (4-6%) accounted for only 8% of the total volume of loans, today they account for 17%. At the same time, the share of cheap loans is decreasing (to 2%). If before 2021 it was 85% of the total volume, now it is 61%,” the opposition figure pointed out, as quoted by infotag.md. According to him, debt managing is also a cause for concern. “If in 2020 the payments amounted to 1.7 billion lei, then in 2024 they will amount to 4.3 billion lei, and in 2023 – 5.3 billion. This is 75% of Chisinau’s municipal budget. Why did this happen? Because loans were taken out, including at 22% per annum. The banks made good money on this...,” Chicu noted.