Prime Minister Ilie Bolojan has announced to mayors that he will stop funding PNRR projects due to a 20 billion euro over-contracting, warning that Romania risks defaulting on payments.

Ilie Bolojan explained to the mayors that Romania can no longer financially support all the contracts of the PNRR due to a massive over-contracting, which exceeds 20 billion euro. He said that many contracts will be terminated and those already signed will continue to be financed, but with a review of their status. The government has initiated an emergency ordinance to manage this serious fiscal situation and to halt projects that cannot be completed until 2026.