In the third quarter, the interim government led by Prime Minister Ilie Bolojan continued its policy of cutting budgetary expenditures. Although data from the Ministry of Finance show an increase in VAT receipts from July to September and a significantly smaller budget deficit compared to the previous year, the bulk of the fiscal effort was consumed by interest payments.
Interest payments swallow up budget savings
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In the third quarter, the interim government led by Prime Minister Ilie Bolojan continued its policy of cutting budgetary expenditures. Although data from the Ministry of Finance show an increase in VAT receipts from July to September and a significantly smaller budget deficit compared to the previous year, the bulk of the fiscal effort was consumed by interest payments.
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