Ilie Bolojan: If we do not restructure, we will end up with tax and tax increases. We do not escape

Ilie Bolojan warned on Monday night that “in a limited situation, tax increases can be reached”. The interim president said that whatever government comes in will have to deal with the budget deficit anyway, regardless of the promises made. In an interview with CNN's Antena 3, he said there were three solutions: cutting government spending, raising taxes, or a combination of the two.

Romania's economy has entered stagnation and needs rapid measures to avoid recession, says interim president Ilie Bolojan, in a...

Romania's interim president, Ilie Bolojan, said that in 2024, Romania borrowed one billion euros per week.

Acting President Ilie Bolojan says that last year Romania borrowed a billion euros a week. He emphasizes that last year's deficits were recorded "in a period of growth," and in the future, any government that comes "will not be able to escape this reality." "In a limit situation, it can even lead to tax increases," Bolojan points out.