Romania: President announces fiscal adjustment to channel money to health system

Romania: President announces fiscal adjustment to channel money to health system

President Klaus Iohannis held talks yesterday with government officials and announced further assistance to Romanians in the context of the emergency created by the coronavirus pandemic. So the President and the government led by Ludovic Orban decided to go ahead with a fiscal adjustment on Thursday in order to channel more money on health. The government will also issue an emergency decree allowing natural and legal persons to ask from banks to defer payments for up to 9 months on loans and credit they have taken.

“Today, we had a very important meeting with Prime Minister Ludovic Orban and several ministers of the Romanian government. We discussed the state of the Romanian economy, the social protection of Romanians and public finances in this time of crisis. Extraordinary measures are required at these extraordinary times. We have realized that Romanians are facing huge problems, each in their own way; we have realized that businesses also have very big problems. We are planning an excellent budget adjustment, which is being implemented in this emergency situation in two stages. A fiscal adjustment is needed to allocate more money to health. The second problem concerns people, Romanians, who, for various reasons, can no longer go to work, have to close their businesses or are unemployed. At the request of those who owe to the banks, loan payments can be delayed up to nine months, ie practically until the end of this year. We are confident that by then the economy will have recovered”, Klaus Iohannis said.

European Council conference call

The Romanian President will participate today in a conference call with European Council members on the measures to be taken to manage the COVID-19 pandemic. This is the third conference of European Council members on this issue. According to the agenda published on the European Council website, discussions will focus on the priorities identified and discussed at previous meetings: restricting the spread of the virus, providing medical equipment with a focus on masks and respiratory support devices, to development of a COVID-19 vaccine and combating the socio-economic consequences. Also on the European Council’s agenda is a commitment by EU Heads of State and Government to assist trapped citizens in third countries./ibna