The “V” shape return of the economy is a certainty and all the official data from the National Institute of Statistics and Eurostat confirm this scenario, says the Minister of Public Finance, Florin Cîţu.

“I promised and I delivered. I said I am doing everything to make the economy have a ‘V’ shape comeback. Today, no one denies this. All official data, INS and Eurostat, confirm this scenario. We do not stop here. it is a clear and heartbreaking lesson for many. During the crisis we achieved this performance because we injected liquidity into the economy from the Ministry of Finance (after 7 months, about 27.01 billion lei, or 2.55% of GDP, remained in the economy through fiscal facilities, investments and exceptional expenditures adopted to combat the effects of the COVID-19 epidemic) and we massively increased investments (a record after 8 months – 24.7 billion lei).

Everything was possible because we, the liberals, had a credible and transparent plan for managing the economy. We have prudently and responsibly managed Romania’s finances during the most difficult period in the last hundred years,” Florin Cîţu wrote on his Facebook page, according to Agerpres.

He added that, after 8 months, in the midst of the economic crisis, with an increase in the deficit generated by expenditures related to COVID-19 (6.6 billion lei of direct expenditure) and the decrease in budget revenues, the performance was managed to lower interest rates for all portfolio by 0.2 percentage points.

“An economy of almost 100 million euro. We will do everything, as before, for the Romanian economy to be as little affected as possible by the biggest global economic crisis in the last hundred years,” the minister said.