The increase in public debt and the budget deficit leads to the rise in the cost of loans for the population and businesses, according to the BNR.

The first deputy governor of the BNR, Leonardo Badea, emphasized that the increase in public debt and the budget deficit is already being felt in the economy, through the rising costs of loans for the population and businesses. The state is attracting funding at high interest rates, which causes banks to raise their rates to remain competitive. This phenomenon, known as 'crowding out', makes the state compete aggressively with the private sector for financial resources, leaving fewer funds available for the economy.

Badea warned that, in the absence of a reduction in the budget deficit, the pressure on interest rates will continue to rise, and Romanians and businesses will pay higher rates. Additionally, economic forecasts indicate a demand deficit, which complicates the economic situation. The increase in the state's financing costs not only amplifies budgetary expenditures but also reduces the maneuvering capacity of credit institutions and private investments, thus affecting economic development.