Romania ended 2020 with a budget gap of 9.8% and plans to gradually adjust its finances to go back to the EU deficit limit of 3% in 2024.
Citu has promised to direct subsidies only to profitable state companies, while loss-incurring companies need sound restructuring and recovery plans to continue receiving taxpayer money.
The prime minister said he has yet to receive such restructuring plans he requested back in January.
“Restructuring can be achieved in two ways: either they [loss-incurring state companies] come up with a restructuring schedule, or we [the government] direct subsidies only to those companies that are profitable and the rest need to come up with restructuring plans,” said Citu.