The year 2026 is in a very good financing context for reducing costs by overlapping loans from the National Recovery and Resilience Plan (NRRP) and SAFE (European program SAFE - Security Action For Europe - n.r.) of up to six billion euro, said on Thursday the Director General of the State Treasury, Stefan Nanu, at a specialized debate.<\/p>\n\n\n\n
\u201eThis year we have a very good financing context, which puts us in a favorable position to achieve our cost reduction objective. We have an overlap of loans from the NRRP with loans from SAFE, which can mean a package of up to six billion euro from the two facilities, loans on extremely good terms that we can take out<\/em>\u201dsaid Nanu, quoted by Agerpres.<\/p>\n\n\n\n According to him, in 2026, the government is also focusing on investments and procurement projects from low-cost financing sources such as SAFE.<\/p>\n\n\n\n \u201eThe Government's focus in the budget process is to accommodate investment projects and procurement projects, such as SAFE, which have very cheap sources of funding. They are also multi-year in the case of SAFE, as was the case with the PNRR. The primary focus is on PNRR, because it is the last year in which we can still benefit from these funds<\/em>\u201dexplained the Treasury chief.<\/p>\n\n\n\n He added that cheaper borrowing will reduce the issuance of government bonds on financial markets.<\/p>\n\n\n\n \u201eHaving more off-market, very cheap, off-market borrowing basically reduces our supply of securities in the financial markets. Once reduced it also has clear price and interest rate benefits<\/em>\u201dsaid Stefan Nanu.<\/p>\n\n\n\n He believes that European funds are extremely important for our country, first of all because investment projects can be realized without impacting the deficit.<\/p>\n\n\n\n \u201eEuropean funds are extremely important, on the one hand from the perspective of grant absorption. It is clear that you can accommodate some investment projects with no impact on the deficit, as the funds are budget neutral. As long as you use grants for investment projects, they mean an amount on expenditure and an amount on revenue, so they are budget neutral. The lohn part does not mean the same thing. It means deficit creation. The lohn that you take from the PNRR or SAFE covers a deficit created by an expenditure, but it has other benefits. Those loans are the cheapest Romania could access from somewhere. They are money at the European Union's financing costs at very long maturities, up to 40 years and at low interest rates of 2.5 percentage points. So, it is a huge benefit in terms of minimizing long-term costs<\/em>\u201dexplained the Treasury chief.<\/p>","protected":false},"excerpt":{"rendered":" Anul 2026 este \u00eentr-un context de finan\u021bare foarte bun pentru reducerea costurilor prin suprapunerea de \u00eemprumuturi din Planul Na\u021bional de Redresare \u0219i Rezilien\u021b\u0103 (PNRR) \u0219i din SAFE (programul european SAFE – Security Action For Europe – n.r.) de p\u00e2n\u0103 la \u0219ase miliarde de euro, a afirmat joi directorul general al Trezoreriei Statului, \u0218tefan Nanu, la<\/p>","protected":false},"author":3,"featured_media":5374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-5372","post","type-post","status-publish","format-standard","has-post-thumbnail","category-financiar"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t