FISCAL POLICY
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IMF Praises Romania Economic Growth Efforts In 2023; Recommends Tightening Fiscal Policy Further
After praising Romania’s efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund (IMF) states in a report on this year’s conclusions about our country that the efforts so far are not quite sufficien...
BNR Warns About Fiscal Policy Stance
Romania’s central bank (BNR) warns about the Government’s fiscal policy stance, which is likely to jeopardize budget consolidation. Romania has a high budget deficit, which will be very diff...
European Commission Seeks Talks on Romania's 2021 Budget
The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly...
A Critical Decision
By Andrea Schaechter, IMF mission chief for Romania, and Guillermo Tolosa, IMF resident representative for Bulgaria and Romania.
Isarescu: Economy Held Down By Fiscal Policies; Monetary Easing Not A Big Help
Romania’s fiscal policy might still be procyclical and it doesn’t really help the economy, central bank governor said Wednesday, mentioning that a more relaxed monetary policy would not help...
Isarescu: Romania Won’t Need Austerity Measures In 2013, But Fiscal Discipline Required
Romania will no longer use austerity fiscal policies this year but needs financial discipline, especially regarding public spending, central bank governor Mugur Isarescu said Monday.