fiscal council

Romanian Fiscal Council Sees 2019 Budget Deficit at 3.5% of GDP

14:37, 11 Mart. 2019
Romania's Fiscal Council said Monday the country's budget deficit could reach 3.5% of gross domestic product this year, well above the EU limit of 3%, as the state budget is undervalued.

Fiscal Council Says Govt’s 5.5% GDP Growth Projection Is Surprising, Unwarranted

15:49, 05 Feb. 2019
Maintaining an economic growth projection of 5.5% in 2019 especially after the emergency decree 114/2018 introducing new taxes is surprising and unwarranted, Romania's Fiscal Council said in a statement Tuesday.

Romania Can Raise Public Salaries By 5%, Pensions By 7% Next Year – Fiscal Council

19:44, 07 Apr. 2011
Romania's public sector salary fund can be increased this year by no more than 5%, provided the economy grows 1.5% in 2011 and 3.9% in 2012, while public pensions could be raised by at least 7%, the Parliament-appointed Fiscal Council said Thursday.

Romanian Economy Not Out Of The Woods Yet – Fiscal Council

17:07, 07 Apr. 2011
The Romanian economy has stabilized, but the country is yet to emerge from its worst recession in over a decade, the parliament-appointed Fiscal Council said Thursday.

Romanian Fiscal Council Says Lower Flat Tax To Endanger Deficit Targets

14:44, 24 Nov. 2010
Romanian parliament-appointed Fiscal Council Wednesday criticized the Senate’s decision to lower the flat tax rate to 10% from 16% currently, saying the measure would endanger the medium-term budget deficit targets.

Romania Fin Ministry Rebuked Over Insufficient Data In Fiscal Strategy

19:29, 24 Sept. 2010
Romania’s Fiscal Council Friday criticized the Finance Ministry for its lack of details regarding the revenue forecasts included in the 2011-2013 fiscal strategy and recommended the ministry present the macroeconomic fundamentals considered for each revenue category.

Romania Fiscal Council Says 2011-2013 Strategy Poses Significant Risks

19:09, 24 Sept. 2010
Romania’s fiscal strategy for the 2011-2013 period poses significant risks, particularly regarding the budget revenue forecasts, the country’s Fiscal Council said in an opinion Friday.