Prime Minister Dacian Ciolos on Thursday said that the good figures showing economic growth mustn't lead immediately to an increase in spending, and a responsible Government must ensure predictability for the private sector.
"Romania's economy evolves well over the past few years if we look at the figures (...). The questions a responsible Government must ask and find an answer to would be in the first place how to ensure the necessary predictability for the private sector to continue investments in development and for this trend to continue. Because I don't believe it is the case to brag about figures from one year to another if we don't see these figures involved in a positive evolution. (...) I don't believe that the fact that we have this good economic growth figure on paper entitles us to increase spending the next day, especially to increase expenses that don't necessarily lead to a consolidation of this economic growth," Ciolos said at the 2016 National Ranking of Companies gala.
The PM insisted on the need for predictability for the business environment, but also on reducing bureaucracy.
"Another elements required by the business environment and not only, even by the Romanian citizens, is the reduction in bureaucracy so that the enforcement of the normative acts or fiscal policies in the case of the business environment shouldn't impose useless administrative burdens. In this area, too, we have made some important steps, not many, just a few, because I assure you that we still have a lot to smooth in this area. The administration in Romania has been very productive over these past few years in generating bureaucracy, therefore this process must be continued of a structured manner in order not to do more evil than good cutting down fees with an ax or scythe. You know how it is, when you scythe, you cut hay and weeds, but you can also cut useful things as well. Therefore, even debureaucratisation must be done of a structured and well-thought manner, planned on an average term," the Prime Minister also said.
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