logo logo

Agerpres – National News Agency: Current news with reliable information for a well-informed society.

Bucharest

Piaţa Presei Libere nr. 1, sector 1

Phone: +4 021.2076.110

office@agerpres.ro

EconMin Popescu: Should this crisis last one or two months, deficit could hit rd 5 percent

Imagine din galeria Agerpres

The budgetary deficit of Romania will hit almost 5 percent should this coronavirus pandemic crisis last one or two months, but should it last more it is already hard to tell where we could get, Economy Minister Virgil Popescu told private TV broadcaster Digi24 on Monday night.

"At the Ministry of Economy I have no data as regards what will happen within three months (...) What I can tell you is that from my estimates, from the talks with the Public Finance Minister should this crisis last one or two months, we could see a budgetary deficit around 5 percent. If it lasts more, it is hard already to estimate where it will place us. Not even 5 percent is a strong figure, yet it is a possible one. But, in two months, in three, four months the budgetary deficit will get very high," Popescu elaborated.

In reference to the observance by the population of the rules enforced by the authorities in order to halt the infection with the novel coronavirus, the Economy minister believes that the people "are not aware where we are and where we stand".

"We are in the middle of an obvious crisis and it is a sanitary crisis. It is an epidemic and it will induce an economic crisis too, and for us to get over it sooner, we must protect and we must observe absolutely everything the authorities are urging us to do. Or, a restriction of movement by day, a restriction of movement by night are put in place exactly to protect us and they must be observed by absolutely everybody," Popescu added.

Furthermore, when asked if the people behave like this because they lack discipline, he answered that they don't realise the huge peril yet.AGERPRES(RO - author: Oana Tilica, editor: Nicoleta Gherasi; EN - author: Maria Voican, editor: Simona Iacob)

Display count: 91

The content of the www.agerpres.ro website has the exclusive purpose of public informing.
All the information published on this website by AGERPRES is protected by relevant legal dispositions.
It is forbidden to copy, reproduce, recompile, decompile, distribute, publish, display, modify, create derived components or products or full services, as well as any exploitation of the site's content.
Details in the section Terms of Use. If you are interested in picking up AGERPRES news items, please contact the Marketing Department – marketing@agerpres.ro.
The use of the Comments section entails your obligation to respect the AGERPRES terms and conditions in regards to the publishing of comments on the www.agerpres.ro.


Other news in category

English 11-09-2026 10:53

Romania to have a European Capital of Culture in 2034

Romania will have a European Capital of Culture in 2034, the Ministry of Culture announced on Friday. 'The European Commission has officially announced the timetable: Romania will host the European Capital of Culture in 2034. Romania has considerable experience in this area: Sibiu held the title in 2007, alongside Luxembourg, while Timisoara took it forwar

English 11-09-2026 10:33

9/11 - 25 years/Remus Pricopie: September 11, 2001 - turning point for international relations

The terrorist attacks of September 11, 2001, represented a turning point for international relations and changed the manner in which states regard security, defence and their own vulnerabilities, National University of Political and Administrative Studies (SNSPA) Rector Remus Pricopie said on Friday. '25 years after the terrorist attacks of September 11, 2

English 11-09-2026 09:38

Romania's annual inflation rate falls to 6.17% in August

The annual inflation rate fell to 6.17% in August, from 8.16% in July, as services rose by 11.28%, non-food goods by 6.36% and food goods by 2.62%, according to the National Institute of Statistics (INS) data published on Friday. 'The consumer price index in August 2026 compared with July 2026 was 100.22%. The inflation rate since the beginning of the year

English 11-09-2026 08:11

MApN: Group of drones detected near Romanian border; two F-16 aircraft scrambled

The radar surveillance system of the Ministry of National Defence (MApN) detected, at around 4:15am on Friday, a group of aerial targets approximately 16 kilometres north of Vylkove (Ukraine), near the border with Romania. According to a MApN release sent to AGERPRES, the National Military Command Centre notified the Inspectorate General for Emergency Situatio

English 10-09-2026 21:19

EU Commissioner Hadja Lahbib: Romania responded to calls for help 49 times over past 10 years

European Commissioner for Equality, Preparedness and Crisis Management Hadja Lahbib said on Thursday that over the past 10 years Romania has requested assistance through the EU Civil Protection Mechanism 10 times and has responded to calls for help from other countries nearly 50 times. 'Romania has built a strong emergency response system, but what stands

English 10-09-2026 19:04

Professor Radu Deac on new Targu Mures Heart Institute: Decades-long dream comes true

The new Cardiovascular Surgical Centre at the Emergency Institute for Cardiovascular Diseases and Transplantation (IUBCvT) in Targu Mures represents the fulfilment of a decades-long dream, according to cardiac surgeon Professor Radu Deac, who helped establish the city as Romania's second cardiac surgery centre and a national leader in heart transplantation.

English 10-09-2026 18:48

Acting PM, Commissioner Lahbib discuss crisis management, European resilience and inclusion

Acting Prime Minister Ilie Bolojan welcomed European Commissioner for Equality, Preparedness and Crisis Management Hadja Lahbib at the Victoria Palace on Thursday. According to a government statement, the talks focused on cooperation between Romania and the European Commission in crisis management, strengthening preparedness and response capacity, bolstering E

English 10-09-2026 17:44

AUR proposes limiting mandates of heads of secret services, BNR, CNA, CNSAS

The Alliance for the Union of Romanians (AUR) proposes, in a legislative bill submitted to Parliament, limiting the duration and number of terms for the heads of certain public institutions in order to reduce the 'risk of excessive concentration of power.' According to a statement by AUR, the bill stipulates that the directors of the Romanian Intellige

English 10-09-2026 17:17

MApN: Drones spotted near Romania-Ukraine border; F-18s and Puma SOCAT sent to assess situation

The National Defence Ministry said its radar surveillance system detected on Thursday afternoon a group of aerial targets moving near Romania's border with Ukraine, close to Snake Island, with Spanish Air and Space Force F-18s and a Romanian IAR 330 Puma SOCAT helicopter scrambled to monitor the situation. According to the Ministry, the radar system picked

English 10-09-2026 16:56

Bucharest to host GoTech World 2026 with over 15,000 regional business participants

Over 15,000 business participants from Romania and the Central and Eastern Europe (CEE) region are expected at the 15th-anniversary edition of GoTech World, to be held in Bucharest on 10 - 11 November, the organisers said in a press release. The event - the largest B2B expo-conference for IT and digital solutions in CEE - brings together the region's busin

English 10-09-2026 16:04

French Institute in Romania launches first Goncourt Season, featuring Kamel Daoud, Nathacha Appanah

The French Institute in Romania is launching this autumn the first edition of the Goncourt Season, a three-month programme dedicated to contemporary French literature in Romania and the Republic of Moldova, featuring acclaimed writers Kamel Daoud and Nathacha Appanah among its main guests, according to a press release sent to AGERPRES on Thursday. At the heart

English 10-09-2026 15:12

AHK Romania: Innovative pharmaceutical industry contributes around 5% to Romania's GDP

The innovative pharmaceutical industry contributes around 5% to Romania's gross domestic product and supports approximately 57,000 jobs, directly and indirectly, according to data presented at a meeting organised by the Romanian-German Chamber of Commerce and Industry (AHK Romania). According to a press release sent to AGERPRES, the healthcare system repre

English 10-09-2026 15:11

September INSCOP barometer: AUR - 39.7%; PSD - 18.7% and PNL - 16.3%

AUR (Alliance for the Union of Romanians) leads voters' preferences for parliamentary elections, with a lead of approximately 20 percentage points over the next two parties in the ranking, PSD (Social Democratic Party) and PNL (National Liberal Party), according to the 14th edition of the INSCOP Research Barometer, conducted from September 1 to 7. Accordin

English 10-09-2026 14:49

Oradea International Theatre Festival runs from 10 to 20 September, double anniversary edition

The Oradea International Theatre Festival (FITO), taking place from 10 to 20 September, is a celebratory edition marking 10 years since the event was established and 50 years since the first edition of the Short Theatre Festival, the 'Regina Maria' Theatre in Oradea, the event's organiser, announced in a release on Thursday. According to the releas

English 10-09-2026 13:34

European Commissioner for Crisis Management Hadja Lahbib welcomed at Cotroceni Palace

European Commissioner for Equality, Preparedness and Crisis Management Hadja Lahbib was welcomed by President Nicusor Dan at Cotroceni Palace on Thursday. Presidential adviser Valentin Naumescu said in a Facebook post that the meeting 'represented an opportunity to reaffirm the importance Romania attaches to the complex issues covered by the portfolio in q