PUBLIC SPENDING
7 articole · RSS
AmCham: Possible Increases In Public Spending Are Unsustainable And Impossible To Cover From Budget Revenues
Possible increases in public spending are currently unsustainable and impossible to cover from budget revenues and will end up in an increased level of public debt, more need for loans from the financial markets and the risk of ad hoc fiscal measures, with unp...
Government Cuts Protocol Spending, Bans Public Institutions From Buying Consultancy Services
Romania's Government has barred public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force...
PM-Designate Victor Ponta Wants To Boost Wages And The Deficit Target Agreed With The IMF
Prime Minister-designate Victor Ponta said, after the “informal” talk with the joint delegation of the International Monetary Fund, the European Commission and the World Bank, that there are...
Local Administration’s Debt Doubles In Three Years To EUR3B
From next to zero ten years ago, the debt of the public administration has reached 13.7 billion lei (EUR3 billion), practically doubling in 3-4 years’ time. This deepens the public debt, whi...
Battle Starts Over EUR40B Stake Of Local Administration Spending
The annual spending of the local administration amounts to EUR10 billion, which means EUR40 billion in the four-years term in office of the administration - this is the huge stake of the Jun...
Can The Finance Ministry Keep Interest Spending Under Control?
The government’s interest spending, which has tripled in the last three years, will continue to rise, making it into an important risk factor for fiscal control. Payment obligations will inc...
Ialomitianu: Romania Needs No Additional Public Spending Cuts
Romania needs no additional measures to cut public spending, and the government should free funds for investments, Finance Minister Gheorghe Ialomitianu said Wednesday.