BNR's Chief Economist Says a Pact Between Political Forces Is Needed to Reduce the Budget Deficit by 2030
6 Articles
6 Articles
The Chief Economist of the National Bank of Romania (BNR), Valentin Lazea, believes that the main political forces should conclude a pact to reduce the budget deficit below 3% of GDP by 2030. The agreement would provide for a correlation between growth in the economy, wage increases and pensions, as well as improving the collection of VAT and income tax. The Chief Economist of the BNR calls for a pact between the political parties to reduce the …
Romania needs a pact between the responsible political forces, by which they commit to respect, in the next four years, the correlation between nominal GDP, wages and pensions and to...
Romania should reduce the budget deficit to 3% of GDP by 2030, but achieving this goal depends on a few essential conditions. Valentin Lazea, the chief economist of the BNR, explains what should change so that the target can be reached.
Valentin Lazea, BNR: "A Pact Between Political Forces Is Needed to Reduce the Budget Deficit by 2030
Romania needs a political pact to reduce the budget deficit below 3% of GDP by 2030, which targets wage and pension developments, but also improving tax collection, supports BNR's chief economist.
Romania needs a pact between the responsible political forces, by which they commit themselves to respect, in the next four years, the correlation between the evolution of nominal GDP, wages and pensions and to support the improvement of VAT collection and profit tax, in order to reduce the budget deficit below 3% of GDP by 2030, said, on Thursday, Valentin Lazea, Chief Economist of the National Bank of Romania (BNR).
Romania needs a pact between the responsible political forces, by which they commit to respect, [...]
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