Prime Minister Ilie Bolojan says that the recovery measures taken so far are working, as government receipts are increasing and spending is decreasing, with Romania being on the right track.
In a social media post on Wednesday, he says that in the third quarter, year-over-year, "the receipts to the national budget increased by 12.5%."
"From RON 79.2 billion we have reached RON 89.1 billion. An increase of RON 9.9 billion," says Bolojan.
He also presents the latest developments in other indicators: income tax , up 16.5%; VAT receipts, up 14.8%; excise duty revenues - increase by 11%.
According to him, the social security contributions collected in the third quarter increased by 8.5%, meaning RON 4 billion more, and staff spending decreased in July-September by RON 630 million.
"In October, staff spending decreased by RON 562 million year-over-year, from RON 14.231 billion to RON 13.6 billion. In contrast, in the first half of 2024, staff spending increased by about 10% from the same semester of 2024."
The PM also mentions progress with the implementation of the National Recovery and Resilience Plan (PNRR).
"Despite all the difficulties, we have unfrozen and renegotiated European funds under the PNRR programme, sped up payments in the second half of the year. Thus, in January-June, payments of EUR 2.62 billion were made, and in July-September, EUR 1.45 billion paid out."
Compared with the time of the government's inauguration, the one-month ROBOR short time interest rate decreased from 6.82% (June 23) to 5.81% today.
"Compared with July 1, Romania borrows cheaper on all maturities and in all currencies, which reflects an increased confidence of the markets in the measures taken and in the stability of the economy. Securities in lei - decreased by approximately 53 basis points for the 5-year maturity and by 51 basis points for the 10-year maturity. Euro bonds - down by 78 basis points at 5-year and 49 basis points at 10-year terms. The cut in interest rates translates into important savings that are used for investments, education or healthcare spending. Investments have increased and are becoming the main engine of the economy, according to the latest report of the European Commission. Investments will accelerate in 2026-2027, supported by European funds and ongoing projects."
Bolojan predicts that the government deficit will decrease to 6.2% in 2026.
"I want to thank all the colleagues who worked for these results. I want to thank the Romanians who understood that these efforts are necessary to overcome a difficult moment! I have every confidence that, if we keep up this course, Romania will be able to reach its potential, and the life of Romanians will be predictable and prosperous," says the PM.
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