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80 new news items in the last 24 hours
30 June 08:50

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
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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.

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POLITICO | Guvernul Bolojan riscă un val de nemulțumiri în urma măsurilor pentru combaterea deficitului
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Ziare.com
Ce riscă guvernul Bolojan în efortul de reducere a celui mai mare deficit din UE - analiză Politico

ȘTIRI PE ACELEAȘI SUBIECTE

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Economy
Prime Minister Bolojan discussed the economic measures and the deficit target of 8.4% for this year, emphasizing the importance of the months of November and December.
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Economy
Prime Minister Ilie Bolojan stated that austerity measures are necessary to correct Romania's huge budget deficit, resulting from excessive borrowing.
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Economy
Bolojan: Debts will affect any government, solutions require courage
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Economy
The Minister of Economy, Radu Miruță, stated that the fiscal measures and the reduction of government spending will start to produce results in six to seven months.
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Politics
Ludovic Orban, advisor to President Nicușor Dan: "The offside game practiced by PSD, the endless delaying of the adoption of certain measures does immense harm to Romania."
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Economy
The President of SMEs Romania warns that the increase of VAT to 21% in the HoReCa sector could cause losses of 10 billion lei and would affect competitiveness.
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Ilie Bolojan Romanian Government challenges political tax budget deficit

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