Ilie Bolojan announces a nearly RON 27 billion reduction in the deficit and the maintenance of Romania’s credit rating

Interim Prime Minister Ilie Bolojan announced on Saturday that the caretaker government had reduced Romania’s deficit by nearly RON 27 billion compared with last year, without halting investments. He said the results and compliance with commitments had contributed to Standard & Poor’s maintaining the country’s rating despite the political crisis.

According to the interim prime minister, public investment reached RON 97 billion in the first eight months, RON 25 billion above the level recorded during the same period last year. Bolojan said the investment budget represents 8.5% of GDP, while absorption rates for PNRR funds exceeded 90% for grants and 95% for loans.

At the same time, the state’s personnel expenditure fell by nearly RON 9 billion over the past 14 months. However, interest costs increased: in the first eight months, the state paid RON 42 billion, approximately RON 8.9 billion more than last year.

Bolojan warned that a prolonged political deadlock could undermine financiers’ confidence and reverse the progress made. He called on the future government to maintain the fiscal course, avoid unfunded spending and ensure executive stability as quickly as possible.