US EditionRomania’s New Finance Minister Sounds the Alarm: “It’s Time to Face the Truth”
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Alexandru Nazare, Minister of Finance, has made a list of the Romanian finances a week since the mandate was taken up, in a post on Facebook. He says that Romania's finances are vulnerable, with an unstable budgeting foundation, unrealistic budgets, excessive estimates and underestimated costs.
Minister of Finance, Alexandru Nazare, has been presenting Romania's economic situation for months, showing that "we have reached the ceiling more than we can afford, ignoring the rules of the game and acting as if resources would be impossible".
Romania’s New Finance Minister Sounds the Alarm: “It’s Time to Face the Truth”
Just one week into his new term, Romania’s Finance Minister, Alexandru Nazare, delivers a blunt reality check on the country’s fiscal health and urges a complete reset of economic priorities. Romania’s new Minister of Finance wasted no time in addressing the nation’s precarious economic reality. In a public message marking his first week back in office, the Minister compared today’s financial climate to what he encountered during his previous te…
The Romanian budget was built on total unrealistic figures and we were given the illusion of an economy in advance, to justify such "costs which, in fact, did not allow us," said Minister of Finance, Alexandru Nazare.
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