FISCAL COUNCIL
42 articole · RSS
Fiscal Council: 2019 Target Date For Joining Euro ‘Unrealistic’
Romania’s target date for joining the euro area seems economically unrealistic and is based on political and strategic rationales, the president of the country’s Fiscal Council Ionut Dumitru...
Romania Needs More Fiscal Measures To Offset Social Security Cut
Romania needs additional fiscal measures besides a recently introduced levy on special constructions to compensate for the lower social security tax rate and be able to continue to reduce it...
Fiscal Council: Social Security Tax Cut Difficult If Collections Stay Low
Romanian government’s planned five percentage-point reduction of the social securities tax will be difficult to achieve considering the low level of tax collections to the state budget, the...
Deleveraging To Continue At Least Another Year – Fiscal Council
Foreign banks will continue to deleverage from their Romanian subsidiaries for at least another year before the process is completed, the head of the country’s parliament-appointed Fiscal Co...
Fiscal Council: Tax Evasion In Romania At RON81B In 2012, Or 14% Of GDP
Tax evasion in Romania climbed about 3 basis points since the beginning of the crisis to 14% of the gross domestic product in 2012, from 11.2% of the GDP in 2008, according to a report by th...
Fiscal Council: Budget Revision Based On Overestimated Revenue
The Romanian Government’s recent announced budget revision breaks several fiscal-budgetary rules and is based on unrealistic expectations, especially overestimated revenue from the income ta...
Fiscal Council Head: Romania Needs More FDI To Finance Current Account Gap
Romania must find solutions to divert more foreign capital toward financing the current account deficit, Ionut Dumitru, head of the country's Fiscal Council, said Thursday.
Fiscal Council: Government Breaches Fiscal Responsibility Law By Increasing Budget Expenses
Romania’s Government harms the credibility of the fiscal responsibility law by further increasing budget expenses, according to the Fiscal Council.
Special Pension Mystery Solved: 45-Year Seniority For 43 Year-Old Pensioners
The Fiscal Council confirms what Ziarul Financiar said when it raised the issue of the increase in spending on special pensions as a result of the pension reform