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A budget deficit of 3.6 percent represents a projection that is beginning to rebalance the budget, President Klaus Iohannis said on Tuesday in a press statement at the Cotroceni Presidential Palace.
He pleaded for a budget rebalancing, to be achieved "gradually and with great wisdom", adding that the Social Democratic governments "have pushed year by year a significantly higher expense" than could be borne by the revenues made.
"It is clear that we are not only facing the situation of having a deficit for the current year well beyond the expected limit - and we are already in the range of over 4 percent - but these effects will also spread in the coming years. We must be very realistic. The discussion with this year's deficit is not over, because there are expenses to be made. I have said it, the Government has said it: we do not want to cut wages, we clearly do not want to cut pensions. Yes, we want to increase pensions. Or, for this we need money. And then we have a situation that we have called a budget rebalancing or a rebalancing of public finances, which must be carried out gradually and with great wisdom," said Iohannis.
On Monday, Deputy Prime Minister Raluca Turcan said that the budget for 2020 was "wrapped up" and the Government is trying to maintain a deficit of 3.6 percent, and the "exact" procedure the Liberals will go for regarding the adoption of this bill is yet to be announced.
