The Bolojan government is announcing tough measures to reduce the deficit, including job cuts and tax hikes, which could generate public discontent.
Raluca Ioana Draghici
Politics
www.shutterstock.com
Always see our news on Google
The new government is preparing for a difficult period, with severe backlash expected from the population due to a 20% cut in public sector jobs and tax hikes, including VAT and excise duties. Romania risks downgrading its country rating if its deficit of 9.3% of GDP is not reduced to 2.8% by 2030, as recommended by the European Commission. The government will reassess investment projects and restrict support programs to boost exports and reduce imports.
Sources
Latest News
22:54
Iulia Navalnaya urges Russians to vote for Yabloko: the September elections, a legal referendum against the war
22:39
The air forces of Bulgaria, Romania, and Spain have signed a trilateral agreement for air policing operations within NATO.
22:30
The government has approved the 'Diaspora Invests at Home' program, which offers grants of up to 200,000 euros to Romanians from the Diaspora for businesses in Romania.
22:22
The crisis in Ceuta unites the Spanish extremes: Sumar and Vox demand the exclusion of Morocco from the 2030 World Cup.
22:14
At the County Emergency Hospital in Miercurea Ciuc, the first two prostate cancer surgeries were performed with the help of the Da Vinci robotic system.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
