search icon
search icon
Flag Arrow Down
Română
Română
Magyar
Magyar
English
English
Français
Français
Deutsch
Deutsch
Italiano
Italiano
Español
Español
Русский
Русский
日本語
日本語
中国人
中国人

Change Language

arrow down
  • Română
    Română
  • Magyar
    Magyar
  • English
    English
  • Français
    Français
  • Deutsch
    Deutsch
  • Italiano
    Italiano
  • Español
    Español
  • Русский
    Русский
  • 日本語
    日本語
  • 中国人
    中国人
Sections
  • News
  • Exclusive
  • INSCOP Surveys
  • Podcast
  • EU
  • Diaspora
  • Republic of Moldova
  • Politics
  • Economy
  • Current Affairs
  • International
  • Sport
  • Health
  • Education
  • IT&C knowledge
  • Arts & Lifestyle
  • Opinions
  • Elections 2025
  • Environment
About Us
Contact
Privacy policy
Terms and conditions
Quickly scroll through news digests and see how they are covered in different publications!
  • News
  • Exclusive
    • INSCOP Surveys
    • Podcast
    • EU
    • Diaspora
    • Republic of Moldova
    • Politics
    • Economy
    • Current Affairs
    • International
    • Sport
    • Health
    • Education
    • IT&C knowledge
    • Arts & Lifestyle
    • Opinions
    • Elections 2025
    • Environment
57 new news items in the last 24 hours
  1. Home
  2. Экономика

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

Sanziana Georgescu
whatsapp
facebook
linkedin
x
copy-link copy-link
23 October 2025, 20:18
main event image
Economy
sursa foto: shutterstock.com
google-preference

Always see our news on Google

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

sursa imagine
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”
sursa imagine
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
sursa imagine
Antena3
Bolojan răspunde atacurilor PSD pe legea pensiilor magistraților: Am întrebat în Guvern dacă sunt obiecții. Nimeni nimic
sursa imagine
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

Latest News

19:12

Authorities in Moldova are keeping several public platforms unavailable following a new attempted cyberattack

19:01

Education Minister Sorin Costreie calls for private tutoring to be brought into the tax system and says the scale of the phenomenon points to major problems in Romanian schools

18:58

Maria Corina Machado, the opposition leader from Caracas, returned to Venezuela after nearly a year in exile

18:52

Bournemouth defeated Manchester United 3-0 at Old Trafford

18:33

Farul Constanța defeated Oțelul Galați 4-3 in the 13th round of the Superliga

See more news

NEWS ON THE SAME TOPICS

event image
Current Affairs
Ilie Bolojan calls for continued reforms and deficit reduction to maintain Romania’s credibility among investors
event image
Current Affairs
Ilie Bolojan argues that Romania urgently needs a government to continue reforms and keep spending under control
event image
Economy
Prime Minister Bolojan rejects the increase in public sector salaries through taxes on the private sector.
event image
Economy
Ilie Bolojan announces a nearly RON 27 billion reduction in the deficit and the maintenance of Romania’s credit rating
event image
Politics
Ilie Bolojan warns that political deadlock could drive up interest rates, hurt Romania’s credit rating and delay the budget revision
event image
Economy
Ilie Bolojan says that the “decrease in inflation” is the result of the “efforts made by the entire society”
app preview
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
app preview app preview
Ilie Bolojan austerity measures budget deficit deficit correction local government

Editor’s Recommendations

main event image
Opinions
Yesterday 20:53

Sever Voinescu: Playing at Sovereignty

app preview
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
app preview
app store badge google play badge
  • News
  • Exclusive
  • INSCOP Surveys
  • Podcast
  • EU
  • Diaspora
  • Republic of Moldova
  • Politics
  • Economy
  • Current Affairs
  • International
  • Sport
  • Health
  • Education
  • IT&C knowledge
  • Arts & Lifestyle
  • Opinions
  • Elections 2025
  • Environment
  • About Us
  • Contact
Privacy policy
Cookies Policy
Terms and conditions
Open source licenses
All rights reserved Strategic Media Team SRL

Technology in partnership with

anpc-sal anpc-sol