Romania will have the „largest” economic growth in Europe this year, based on investments and not on consumption, promises Prime Minister Marcel Ciolacu.
He was asked, at the Government, about a recent report from the European Commission warning about the „excessive budget deficit” recorded by Romania.
"Every year, after we close the year with a deficit in December, after we all realize, not only you and I, and the citizens, that no disaster has happened, no apocalypse has come. On the contrary, last year, we met with a minimum of 0.5, this year we meet with a minimum of 0.7. (...) The deficit is not a catastrophe.
If we do not consider certain recommendations and do not maintain our pace of investments... So the pace will be sustained and, then, the economy will self-finance and, from my point of view, we will have the largest economic growth in Europe this year. And it will not be an economic growth based on consumption, it will be an economic growth, continued, based on investments," Ciolacu stated.
The European Commission warned on Monday that Romania continues to face vulnerabilities related to public finance accounts and external balance, based on an in-depth analysis for six member states, aimed at assessing macroeconomic imbalances in the context of the European Semester.
According to a statement from the European Executive, the other member states for which in-depth analyses have been published are Cyprus, the Netherlands, Slovakia, Spain, and Sweden.
Prime Minister Marcel Ciolacu participated on Tuesday at Victoria Palace in the launch of mobile medical services for rural areas, an event organized by Save the Children Romania, in partnership with the Government.