Iohannis: Ex-Gov’t left a budgetary deficit of RON 29 bln

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The former Government left a budgetary deficit of RON 29 billion, said President Klaus Iohannis at the National Top of Companies Gala, organised by the Romanian Chamber of Commerce and Industry on Friday, while emphasizing on the need for firm and efficient policies, to get the economy and public finances back on track, back to balance and sustainability.

Despite a disastrous PSD ruling – and this is not campaign talk, but from reality – and the numerous obstacles you have been facing in the past years you managed to run your businesses and continued to perform. Unfortunately, the remarkable results registered by your companies do not reflect the necessary consolidation that Romania needed at a macro level. The deficits accumulated in the past years are threatening our development perspectives. The budgetary and current account deficit proves that PSD brought Romania on the wrong path. For instance, the former Government left a budgetary deficit of 29 billion lei at the end of October, 2.8 per cent of the GDP, which exceeded the budgetary deficit planned for the entire year 2019 – and this also isn’t electoral talking, but actual data,” said Klaus Iohannis.

According to the President, the trade balance deficit “escalated” and prompted to a “record” inflation.

This is where the imposture and dilettantism of the former government led us to – and this is from the campaign. That’s why we need firm and efficient policies, to get the economy and public finances back on track, back to balance and sustainability. The PNL Government’s mission to find solutions to the problems prompted by the previous governments won’t be easy, but I am sure that we will take important steps the right way, towards a normal Romania,” Iohannis pointed out.

“I am glad the last chapter of the PSD ruling’s black book has ended, I know it has been a true endurance test for you. The lack of competences, bad decisions and chaotic public management, the PSD style, have disrupted the entire society. We are now in the situation when the new Gov’t will have to find solutions to get Romania better”.

The head of state voiced hope the new Government will take the necessary measures to encourage investment, while asking the new PM Ludovic Orban and the ministers to find solutions to encourage the development of the SMEs and to increase the absorption rate of the EU funds.

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