Maintaining macroeconomic stability, a sustained pace of investments, and continuing reforms are the Romanian Government’s goals for this year, stated Prime Minister Marcel Ciolacu during his meeting with the IMF delegation, at the Victoria Palace today.
Fresh News Friday, 07 February 2025
“The budget recently passed by Parliament includes the largest amount allocated to investments so far, representing 7.8% of GDP. We will prioritize public projects, ensuring that those in the advanced implementation stage receive the funding for fast completion. Another line of action is supporting EU–funded projects, for the co-funding of which we have allocated budgetary resources. We capitalize on the window of opportunity that Romania has to boost investments and implement the PNRR reforms, in line with our goal to join the OECD in 2026,” stated Prime Minister Marcel Ciolacu.
The Government will continue solutions to support the private sector. The Prime Minister highlighted the measures aimed at the food industry, construction, and fostering industrial growth, as well as energy and infrastructure investments.
During the consultations, the Head of the Executive emphasized the Government’s commitment to maintain a budget deficit of 7% of GDP this year and to continue the deficit-lowering trend in the following years, in line with the Fiscal Plan agreed with the European Commission. In this context, Prime Minister Ciolacu pointed out the measures to reduce public sector personnel costs, restructure the public sector, and carry out the territorial administrative reorganization, all included among the Government’s priorities for the ensuing period. He also mentioned measures to improve public revenue collection through increased digitalization.
The meeting with the IMF is part of a series of consultations between the Government, international financial partners, and the business sector. Prime Minister Marcel Ciolacu held meetings this week with the World Bank and several international investment funds representatives.
Attending the meeting, alongside Prime Minister Marcel Ciolacu, were: Vice Prime Minister Marian Neacșu, Minister of Investments and European Projects Marcel Boloș, Minister of Economy, Digitalization, Entrepreneurship, and Tourism, Bogdan Ivan, Minister of Energy Sebastian Burduja, Secretary of State at the Ministry of Finance Attila Gyorgy, Head of the Prime Minister’s Chancellery Ștefan Radu Oprea, State Advisor at the Prime Minister’s Chancellery Luminița Odobescu, Secretary of State Mihai Constantin, Spokesperson for the Romanian Government.
Mihai Manea
Source: gov.ro
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