The Presidency proposed Wednesday a set of amendments to the Constitution, including the introduction of a 3% cap to the budget deficit and a public debt limit of 60% of the gross domestic product.
“I believe that, aside from the deficit and/or public debt limits, there should also be clear measures for necessary adjustments should these limits be overshot,” Dumitru told MEDIAFAX.
The Raiffeisen official added there is are positive precedents in Poland and Germany for such actions, as the two countries use Constitutions that include public debt and budget deficit limits.