PM Bolojan talks with IMF delegation about economic situation, fiscal reform, public investment priorities

Prime Minister Ilie Bolojan met on Friday at the Victoria Palace with a delegation of the International Monetary Fund (IMF) led by Joong Shik Kang, with the discussions focusing on the current economic situation, directions of fiscal reform and public investment priorities.According to a release of the Government, the IMF representatives conveyed their support for the packages of measures adopted and planned by the Government, regarded as essential for reducing the budget deficit and increasing investors' confidence.The efforts to stabilize public finance and the commitment to continue structural reforms were especially appreciated, the quoted source mentioned."According to the IMF estimates, Romania is expected to register an economic growth of 1 percent in 2025 and 1.4 percent in 2026. The efficient access and use of European funds will play a decisive role in achieving these objectives. At the same time, the experts underscored the importance of rigorous implementation of the adopted measures and recommended maintaining budget adjustment efforts in the following years for sustainable deficit reduction," the release said.Furthermore, the IMF delegation highlighted the need to prioritize and phase the investment projects in order to ensure the completion of those funded through the the National Recovery and Resilience Plan (PNRR)."The experts noted the progresses toward more prudent expenditure planning and recommended maintaining this balance in the long term," according to the release.Within the talks, Prime Minister Ilie Bolojan mentioned that the Government will continue the reforms and the fiscal consolidation measures in order to maintain the stability of public finances, so that budget resources be directed toward investments and modernizing the economy, supporting a stable economic growth and long-term development.The IMF delegation concluded that Romania's fiscal and economic situation allows the continuation of reforms and the capitalization of development opportunities in the coming years, the release also noted. (Photo:https://gov.ro/)