After Monday’s government meeting, Citu said the state budget would be built on a budget deficit of around 7% of the gross domestic product, and the fiscal policy would remain stimulative in 2021.
Citu pointed out the minimum salary would increase a little over the inflation rate, respectively by 3.1% in 2021, adding the government found a compromise solution for everybody, despite trade unionists proposing the minimum salary be increased by over 7%.
“The inflation rate is currently estimated below 2%, at around 1.8%, and the minimum salary will be increased by 3.1% in 2021”, stated the prime minister.
Citu said talks also targeted deferrals on bank loan installments, adding the government was working to find solutions to enable people affected by the coronavirus-led crisis to further benefit from this facility.
In its next meeting, the government also plans to approve the Agro IMM Invest program, a long-awaited measure by the agricultural sector, which provides guarantees of up to RON1 billion.
The Citu Cabinet is also set to approve the state aid scheme granting financial support for the HoReCa (hotels, restaurants, cafés) sector. The scheme is based on a budget of EUR500 million and the companies operating in the HoReCa sector would be exempt from taxes.