Romanian PM says fiscal measures deliver results as budget revenues rise and spending falls

Prime minister Ilie Bolojan said the government’s fiscal consolidation measures are beginning to show results, citing a 12.5% rise in state budget revenues and a drop in personnel spending in the third quarter, among other indicators. He pointed to the improving figures and stronger market confidence as signs that Romania is “on the right path.”

In a message posted on social media on Wednesday, November 19, Bolojan reported a 12.5% increase in budget revenues in the third quarter compared to the same period last year, climbing from RON 79.2 billion to RON 89.1 billion.