budgetary deficit

New Romanian PM Ludovic Orban has stated on Friday that the budgetary deficit is actually higher than 2.8% of GDP. "We have been on the minimum level of investments in the past 10 years, we reached a historical low of public investments…

The former Government left a budgetary deficit of RON 29 billion, said President Klaus Iohannis at the National Top of Companies Gala, organised by the Romanian Chamber of Commerce and Industry on Friday, while emphasizing on the need for…

Fitch Ratings has affirmed the Romanian City of Brasov's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB-' with Stable Outlooks and its Short-Term Foreign Currency IDR at 'F3'. The affirmation reflects Fitch's…

Liberal senator Florin Cîţu has released a document assigned to the European Commission, revealing the Government has informed the European Commission as of early April about its intention to suppress the Pension Pillar II. „The…

AmCham Romania expresses its concern regarding the impact the recently announced fiscal policy measures, both in terms of the increasing costs these are generating for taxpayers and in terms of the budgetary sustainability of such measures.…

Stability and predictability are the most important demands of the business environment and no ruling programme has the right to oppose them, President Klaus Iohannis said on Friday in a message sent at the launching event of the “SMEs…

In the context of the public debates around the State Budget project for 2017, American Chamber of Commerce in Romania (AmCham Romania) reiterates the importance of a balanced budgetary projection, focused on economic growth and investment…

Cuts in social security contributions (CAS) by 5 percentage points would cost the budget some RON 7.7 billion in 2017 and there is no place for such a measure, Finance Minister Anca Dragu said on Tuesday. “We’ve conducted an impact…

Finance Minister Darius Valcov said on Monday that by the end of April, the European Commission will present an action plan asking for relaxation of the Medium-Term budgetary Objectives (MTO) for Romania – so that it provides an exemption…