Bolojan’s response, asked when he will stop with tax increases and revenue cuts

„But before saying what else we need to do and when we could do this, we need to emphasize some realities to Romanians. Because we have borrowed too quickly in these years, we have increased Romania’s debt level, our rating has decreased, therefore the trust that the markets have in Romania, which has generated the increase in interest rates on the loans that Romania has contracted”, the prime minister added.

Bolojan says that Romania pays higher interest rates than other countries in the region: “Because of this, for example, this year and next year, the value of the interest that Romania has paid and will pay is between 11 billion euros and 12 billion euros next year, so 3% of Romania’s GDP. When we discuss in terms of a deficit of 8.4% this year, or next year, a little over 6%, half will be interest expenses.”

In the opinion of the Prime Minister, „any rational person understands that when you have such interest rates, you have to work, increase your income, collect...