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43 new news items in the last 24 hours
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  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.

Sources

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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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Hot News
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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Politics
Ilie Bolojan stated that the austerity measures have generated the outrage of local barons, who can no longer access state funds for projects deemed unjustified.
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Current Affairs
Interim Prime Minister Ilie Bolojan explained that the financial difficulties felt by Romanians are due to the quality of previous governments and the high budget deficit.
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Economy
Interim Prime Minister Ilie Bolojan stated that inflation and the technical recession in Romania are the result of accumulated economic imbalances.
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Politics
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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Tánczos Barna states that austerity measures cannot solve Romania's economic crisis, emphasizing the importance of economic stimulation.
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Ilie Bolojan austerity measures budget deficit deficit correction local government

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