Romania in Recession: President Dan's Plan to Tackle Budget Crisis

Romania Faces Recession: President Dan Seeks Solutions for Budget Deficit Romania is officially in a recession, according to President Nicușor Dan. This announcement comes as the country grapples with a growing budget deficit. In response, President Dan plans to meet with the Minister of Finance and the Minister of European Funds to discuss solutions. "When you have a deficit, it means you're throwing money into the market, and that stimulates economic growth," President Dan stated in a recent interview, explaining his approach to the economic challenges. However, he acknowledged the current recession, stating, "We are currently in a recession." The news comes just a week after President Dan's pledge not to increase the VAT. While he maintains this promise, he indicates a focus on controlling government spending to address the deficit. This approach raises questions about the potential impact on various government programs and services. The meetings with the ministers are expected to clarify the government's strategy for navigating the recession and managing the budget deficit. The situation will be closely monitored in the coming weeks.