President Iohannis: Budget, hastily built on unrealistic economic estimates

President Klaus Iohannis said on Tuesday that Romania's 2019 national budget has been hastily put together based on unrealistic economic projections, warning that the budget is not of the leadership of the Social Democratic Party (PSD), main at rule, but Romania's.

"President Klaus Iohannis points out that this budget is not the budget of the PSD leadership, but of Romania, of our stability and prosperity in the coming years," reads a press statement released by the Presidential Administration.

Iohannis added that the draft budget with Parliament now is based on "political crony appropriations."

"This budget, which should have been drawn up mid-November last year, was only debated on January 31, 2019, after the PSD and ALDE [Alliance of Liberal and Democrats] leaders came back from vacation. It's a hastily conceived budget built on unrealistic economic projections and on political crony appropriations, which PSD has the audacity to fast track through sham debates in Parliament," added Iohannis. AGERPRES (RO - author: Catalin Alexandru, editor: Claudia Stanescu; EN - author: Corneliu-Aurelian Colceriu, editor: Adina Panaitescu)