Romanian Prime Minister, Marcel Ciolacu, welcomes the data presented by Fitch rating agency, which confirms Romania’s sovereign rating and stable outlook.
“Rating agencies confirm Romania’s macroeconomic stability! After the Fitch rating agency confirmed Romania’s sovereign rating and stable outlook in August, today Standard and Poor`s is doing the same,” Marcel Ciolacu said in a message posted on Facebook.
According to Agerpres, “The agency believes that Romania’s economy will grow by 1.6% in 2024 and by just under 3% on average in 2025-2027, given that our country will benefit from important European funds from both the 2021-2027 Multiannual Financial Framework and the Recovery and Resilience Mechanism.”
Prime Minister Marcel Ciolacu emphasizes that these data are ”proof of Romania’s macroeconomic stability and development prospects in the coming years.”
“We still have a lot of work to do. Budget consolidation over the next 7 years must be achieved by rationalizing expenditure and increasing revenue collection, by digitalizing the ANAF and reducing tax evasion. And continuing investments. NOT through tax increases and austerity policies, as we all experienced in 2009-2011! The Standard and Poor`s analysis confirms that this is the right path for Romania: production, investment, jobs, purchasing power and macroeconomic stability”, concluded Marcel Ciolacu.