Ciolos: Stability brought by PSD we could feel in inflation, RON-EUR exchange rate, triumphal figures instead of welfare

Former Prime Minister Dacian Ciolos says that "welfare and stability" brought by the PSD (Social Democratic Party, main at rule alongside the ALDE, Alliance of Liberals and Democrats, ed. n.) are felt in the fuel prices, in inflation, in the RON-EUR exchange rate and in the pace the banks increase people's loan repayments, adding that the "triumphal figures do not keep place for welfare, nor they compensate the lack of efficiency in the governmental act." 

Ciolos says that he has noticed a few "inaccuracies" as regards the accomplishments of the PSD-ALDE governance. 

"The public revenues increased just as the salaries did: on paper! For the first time, the PSD-ALDE government has introduced the EU grants for agriculture in the incomes, so that the figures look good. Until 2017, they were not recorded in the budget. This is how the PSD-ALDE gov't has inflated the European funds category. This is how we stand: out of the EUR 7.45 billion in European funds announced, only EUR 2.2 billion are in fact funds drawn. The difference is represented by these grants in agriculture from the EU budget that are forwarded directly to the farmers with no merit whatsoever of the gov't as they were forwarded last year, too, when we (the Ciolos gov't, ed. n.) did not praised ourselves with them in our calculations," Dacian Ciolos wrote on his Facebook page. 

Former premier asserts that the tax revenues have dramatically dropped. "The profit tax has dropped by 6.2pct, the VAT decreased by RON 129 billion, the excises curtailed by over RON 800 billion, while the taxes and dues on property have went down by RON 634 billion. The public money investments have dropped by 20.3pct, and the European funds' investments have decreased by 23.1pct as against 2016. Here it is measured, among other things, the capacity to create welfare, through investments that could bring and enhance jobs and produce revenues to the state budget," Dacian Ciolos added. 

According to the former premier, more than 600K companies were being "confused" as a result of the amendments generated by "the fiscal revolution". 

"The triumphal figures do not keep us warm, nor they compensate the gov't's lack of efficiency. They do not keep place either to the lack of predictability created by the frequent and incoherent changes of the fiscal legislation, that blows the economy," says Ciolos, according to whom in 2016, Romania was stable, drawing investments and creating "real money" jobs, and not "public money jobs". 

Former prime minister recalls that the current governing coalition has all of the executive and legislative power for a year now and as much as they intend to reverse figures today, the difference is there for everyone to see." 

"Out of a parallel reality, the current premier says that the Ciolos gov't has left the country crippled, and that they are only bringing wealth and stability. In addition, as they say, the PSD-ALDE gov't, sacked for incompetence by their own majority in Parliament, would have never been existed," Ciolos completed.AGERPRES .