According to the organization, the average interest rate on government securities rose from 4.96% in 2024 to 9.08% in 2025, and in the first half of 2026, it rose further to approximately 9.5–10%.
Under these conditions, interest payments on the national debt are estimated at approximately 6 billion lei in 2026 and could reach 7 billion lei in 2027. At the same time, the budget deficit is projected to exceed 21 billion lei.
The organization notes that nearly 95% of domestic debt issued through government securities matures in less than a year, forcing the government to constantly refinance existing loans, thereby incurring even higher costs. Furthermore, nearly 70% of the market for these securities is controlled by a small number of commercial banks, which increases the government’s dependence on their decisions.
According to the authors of the statement, large-scale loans at high interest rates could reduce lending to businesses and households and slow down investment. The “Building Trust” civic movement calls on the future government to adopt a strategy to reduce the cost of financing and direct borrowed funds toward productive investments, rather than merely covering the budget deficit.
