Prime Minister Ilie Bolojan had a meeting on Tuesday, at Victoria Palace, with representatives of the Standard & Poor's (S&P) rating agency. During the discussions, the main fiscal-budgetary measures adopted by the Government through "Package 1" were presented, as well as the measures under preparation, which aim to streamline the activities of state-owned companies and ensure more rigorous management of public resources.According to a Government press release, the meeting, which was also attended by the Minister of Finance, Alexandru Nazare, was a working one, part of the constant dialogue between the Romanian authorities and the rating agencies."The discussions focused on the main fiscal-budgetary measures adopted by the Government through 'Package 1', which aims to reduce the budget deficit in two major directions: increasing revenues and capping public expenditures. This first package aims to consolidate the fiscal structure, providing stability and predictability to both financial markets and institutional partners," the press release states.They also discussed the measures under preparation, which aim to "make the activities of state-owned companies more efficient and more rigorously manage public resources, with the aim of increasing transparency and reducing expenses."Prime Minister Ilie Bolojan presented to S&P representatives a clear and updated picture of the evolution of public finances and the economic framework in the short and medium term, the cited source states.The Government will continue the process of gradual fiscal consolidation and will maintain an open dialogue with institutional partners and rating agencies, according to the press release. (Photo:https://gov.ro/)
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