Budget minister: The crisis is over! Loan, invest, spend, consume. Romania has recovered

Newsroom 12/05/2014 | 12:44

Liviu Voinea, the delegate minister for the Budget, encourages the population and companies to sign up for loans in order to consume and invest more, given that Romania’s economy has recovered from the crisis. The government is expecting a higher GDP growth then the 3.5 percent we recorded in 2013, according to Mediafax.

“In 2014, the economical growth will surpass all expectations that the budget was based on. Consumption recovery in the first few months will make away for a bigger growth and because the economy is recovering I want to encourage people to consume. Companies should borrow and invest and banks should be confident”, according to Liviu Voinea.

The official believest that Q1 will have an economic growth between 3 and 4 percent.

“The economic growth for the first three months and the following months entitles us to believe that we will have an overal GDP increase higher than 3.5 percent by the end of 2014”, Voinea highlighted.

The delegate minister argued that Romania’s population along with companies and banks need to work together to consolidate this growth. Furthermore, the government will not repeat policy mistakes from the past (2008-2009) sudden adjustments like the one in 2010.

“The state is currently the most confident, we have public investments planned that will grow by EUR 1 billion compared to 2013. My message is this: go, borrow, invest, consume. Romania has recovered!” Voinea concluded.

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