Romania's Budget Deficit: Bucharest Mayor Addresses Concerns

Bucharest Mayor Nicușor Dan addressed concerns about Romania's substantial budget deficit during a recent press conference. The deficit, one of the largest among countries with excessive deficits, is a major concern. Dan acknowledged the challenges of enacting necessary reforms, particularly those related to the PNRR (National Recovery and Resilience Plan), and hinted at potential impacts on pension systems. "We've promised many things and haven't done anything," Dan stated, highlighting the difficulties of balancing competing priorities within a coalition government. He also alluded to tensions surrounding proposed tax changes on pensions, referencing statements made by Minister Bolojan. Despite these challenges, Dan expressed confidence in navigating the situation, emphasizing a commitment to addressing the deficit and ensuring the stability of the pension system for those with lower incomes.