Romania's ruling coalition, on May 23, decided to launch a new package of social and economic measures under the name "Support for Romania," estimated to cost the public budget EUR 1.1 bln.

The exact distribution of expenditures was not explained, though. The package will come into force on July 1.

Among the measures included in the package, there is a facility allowing bank debtors to defer the instalments for a period of 9 months.

Public pension recipients with monthly pensions of under RON 2,000 (EUR 400) will be extended a one-time RON 700 payment.

The ruling coalition leaders also announced that the Government would take steps to strengthen fiscal and public deficit commitments by the reduction of budget expenditures by at least 10%, except for those with investments, salaries, pensions and social assistance.

No hiring in the public system will be made after July 1. The absorption of the European funds under the operational programs and the PNRR will be accelerated. In this regard, the coalition will conduct a monthly assessment of the state of absorption.

(Photo: Gov.ro)

andrei@romania-insider.com