The Government „has reached an agreement” with the European Commission on the fiscal plan to reduce the deficit, Prime Minister Marcel Ciolacu said on Wednesday, stressing that it is essential that the EC experts agreed that Romania needs the required period of 7 years to carry out major investment projects in the economy.

„We have reached an agreement with the European Commission on the fiscal plan. It is essential that the Commission experts agreed that Romania needs a period of 7 years to make massive investments in the economy. This is the only way we will reach the EU average in terms of development, citizens’ incomes and living standard in general. There is also an agreement on the idea that if the deficit is lower than investments, then we are on a healthy trajectory,” Ciolacu said at the beginning of the Government meeting.

He added that, obviously, in parallel, the state „must make an effort to reduce spending, so that the economic balance be consolidated in the coming years.”

„Therefore, investments will grow in the coming years and we will continue to invest massively in the economy and in infrastructure,” the prime minister said.

AGERPRES