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101 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.

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

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