New social measures, launched by the Government: Aid of 700 lei for pensioners with pensions below 2,000 lei, deferred installments at banks and suspension of state employment

Ciuca governmentPhoto: Facebook

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The governing coalition decided today to launch a new package of social and economic measures “Support for Romania”, worth 1.1 billion euros, according to the Romanian Government.

What are the measures in the “Support for Romania” package:

• 1. Postponement for 9 months of bank rates for citizens and companies facing financial difficulties due to the multiple crises of the last period.
• 2. Allocation of a quarter of the salary difference, in accordance with the Law on Unitary Remuneration, due to the categories of employees in the public system.
• 3. Granting a single support of 700 lei for all pensioners with pensions below 2,000 lei.

The measures will be applied on July 1 this year

At the same time, the Government will take measures for fiscal consolidation and compliance with public deficit commitments, as follows:

• – reduction of budget expenditures by at least 10%, except for those with investments, salaries, pensions, social assistance;
• -suspension of state employment;
• -increasing the collection of revenues to the general consolidated state budget by 10 billion lei;
• -accelerate the absorption of European funds within the operational programs and the PNRR. In this regard, the Coalition will conduct a monthly assessment of the state of absorption.

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