The Minister of European Investments, Marcel Boloş, explained on Antena 3 CNN, the commitments made by Romania in the PNRR regarding financial sustainability. Here are the measures being analyzed to reach these milestones and which category of Romanians may be affected.
“We currently have a salary expense in the budget system of around 110 billion lei. The condition we have, imposed in the National Recovery and Resilience Plan, is the one related to sustainability, having all the experience and to say, this negotiation procedure with the reform regarding special pensions and the way in which the European Commission raises the issue of sustainability on these options, I said it is possible that we are heading towards either a revision of salaries in the budget system, or a potential reduction in the number of budgets, but this this will be decided by the coalition at the right time.
We also have the option where, say, we have a better collection of the tax revenues we manage or a review of Romania’s tax policy.
But we have to be very cautious, because even the recent statements regarding the fact that they have to take 20 billion lei of expenses easily leads us to these reforms that the Commission rightly says you don’t have money, so implement the reforms”. said Marcel Bolos.
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We remind you that the Minister of Finance specified that the first quarter brought lower receipts from the state institutions, the recorded budget hole being 4.1 billion lei.
In this context, Marcel Boloş added:
“The Minister of Finance stated this and, of course, here the Commission is very careful when analyzing such statements and such measures, because it is an additional argument for the Commission to ask Romania to implement the reforms that it also has three consecutive reforms, that of special pensions, that of the general pension system and the wage reform in the budget system.
And from this point of view they have, as we know, the deadlines of the fourth quarter for the reform regarding special pensions, in the first quarter the reform regarding general pensions and the second quarter is the reform regarding the salary system in the budgetary sector.
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Here are the alternatives and the ways in which the three types of reforms have a significant financial impact on the state budget, because the main issue is the one related to the sustainability of public finances, which was recorded by the European Commission in the specific country recommendations to reach to a long-term sustainability solution are also the problems that are in France with the pension system, in Spain with the pension system.
All this must be very carefully analyzed because the financial impact requested by the commission to prove the sustainability criteria is of significant impact”, said Marcel Boloş, the Minister of European Investments, in the show In front of the nation on Antena 3 CNN.
