FISCAL COUNCIL
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Fiscal Council: Government Should Set Quarterly EU Fund Absorption Targets
Romania's Fiscal Council suggests the Government should set quarterly EU fund absorption targets for the ministries and other authorities, since absorption is essential in order to offset th...
Fiscal Council Concerned About Infrastructure Investments' Impact On ESA95 Deficit
Romania's Fiscal Council has asked the Government to present the National Infrastructure Development Program's potential impact on the deficit as per ESA95.
Raising Pensions, Wages In 2H Of 2012 Would Violate Romanian Fiscal Responsibility Law
Raising pensions and wages in the Romanian public sector in the second half of 2012 would violate no less than five provisions set through the fiscal responsibility law, including the interd...
Fiscal Council: 2012 Budget Gap Target Difficult To Achieve
Romania’s 2012 budget deficit target of 3% of the gross domestic product will be “very difficult to achieve”, particularly since the fiscal strategy doesn’t factor in the situation of state-...
Fiscal Council: Budget Revision Draft Breaks Fiscal Responsibility Law
Romania’s Fiscal Council Wednesday said the budget revision draft proposed by the Finance Ministry breaks the fiscal responsibility law because the additional money to be allocated at the re...
Romanian Economy Not Out Of The Woods Yet - Fiscal Council
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.