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51 new news items in the last 24 hours
  1. Home
  2. Economy

Prime Minister Ilie Bolojan stated that austerity measures are necessary to correct Romania's huge budget deficit, resulting from excessive borrowing.

Sanziana Georgescu
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23 October 2025, 20:18
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Economy
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Prime Minister Ilie Bolojan emphasized that austerity measures are inevitable for any government, in the context of Romania's growing budget deficit, generated by excessive borrowing. He explained that the country spends 30 billion euros more than it can afford, which has led to a decrease in confidence in the economy and an increase in interest rates. Bolojan mentioned that, to avoid the suspension of European funds, the government was forced to implement urgent measures, including tax increases.


He also addressed the need for reform in local and central administration, stating that social tensions are high and that effective solutions must be found. In conclusion, he mentioned that any party that believes the government is not fulfilling its duty can submit a motion of no confidence.

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Romania TV
Ilie Bolojan, mesaj tăios pentru Grindeanu: „Eu pot să plec mâine, dar să mi se spună care sunt soluţiile geniale care nu deranjează pe nimeni”
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Bolojan, avertisment despre „efectele” declarațiilor făcute de Grindeanu. Premierul îi sugerează liderului PSD să facă majoritate „cu AUR, cu cine se poate” dacă e nemulțumit de Guvern
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Antena3
Bolojan răspunde atacurilor PSD pe legea pensiilor magistraților: Am întrebat în Guvern dacă sunt obiecții. Nimeni nimic
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B1TV
Ilie Bolojan, după declarațiile lui Grindeanu: „Eu pot să plec mâine”. Premierul îi sugerează să facă majoritate „cu AUR”, dacă e nemulțumit de Guvern

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NEWS ON THE SAME TOPICS

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Ilie Bolojan announces a decrease of over 40% in the budget deficit in the first five months of 2026
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Interim Prime Minister Ilie Bolojan says he is not leaving his position: "If I were to leave tomorrow, know that no problem will be solved. There needs to be fewer horns and more work and seriousness."
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Rareș Bogdan says that Ilie Bolojan has "buried" the economy of Romania.
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Ilie Bolojan, about the early elections: "If a solution is not reached, I believe that early elections can be taken seriously into account"
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Interim Prime Minister Ilie Bolojan: "We have a total salary fund of 166 billion lei and, according to all analyses, we cannot increase this salary fund."
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Interim Prime Minister Ilie Bolojan, about the salary law: "This proposal must be made in such a way that it can be supported by the Romanian economy from the state budget."
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Ilie Bolojan austerity measures budget deficit deficit correction local government

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