Alexandru Nazare announces the presentation of a report on the country’s finances in the second half of the week

Finance Minister Alexandru Nazare announced on Monday evening that the report on Romania’s financial situation will be presented publicly in the second half of this week, after the data submitted by all ministries has been consolidated. The document was requested by the Social Democratic Party (PSD) and Prime Minister Luca Niculescu amid accusations that there is a “hole” in the budget, attributed to the Bolojan Government.

Nazare said the report is at an advanced stage of preparation and will be “complete, credible and balanced.” The Finance Ministry is awaiting reports from each institution in order to incorporate them into a unified analysis that will clarify the state of budget execution.

The minister stressed that budget execution is a matter of national interest, as it influences the country’s financing costs. In his view, interest rates are one of the most important indicators of Romania’s economic performance and reflect confidence in the state’s financial situation. Nazare warned that any uncertainty regarding budget execution could affect financing costs.