Mugur Isărescu, the governor of the National Bank of Romania, stated that pensions and salaries should remain frozen for a period, emphasizing that some of them have increased considerably. When asked whether this measure should be maintained until the budget deficit reaches 3% of the Gross Domestic Product, Isărescu responded that it is not necessary to wait until then, but that, at present, it is a justified measure considering the recent increases. This suggests a prudent approach in managing public finances.
Sources
Latest News
11:14
Toyota and Honda will halt production until Friday to assess the impact of the 7.1 magnitude earthquake on suppliers.
11:11
Germany requests cuts of hundreds of billions of euros in the proposal for the EU's multiannual budget, considering it unbalanced.
11:07
Brașov transforms a former thermal point into a day center for adults with autism
11:00
The President of Romania, Nicușor Dan, sent a message on the occasion of National Anthem Day: "The future of this country is written every day, by each one of us"
10:52
Russia claims that 200,000 volunteers have signed contracts to join the armed forces, rejecting Ukrainian rumors about a new mobilization.
See more news