US EditionMinistry of Finance: Romania Closer to Returning to Fiscal-Budgetary Trajectory, According to Moody’s
10 Articles
10 Articles
The International Moody's rating agency considers recent tax measures taken by the Government to be “an important step” towards budgetary balance, but warns that any debt from the proposed plan could undermine the stabilization efforts and may exert additional downward pressure on the country's sovereign rating, announced the Ministry of Finance, which reads a published report on the evaluation agency's Wednesday, taken by Agerpres.
Romania's economy is at a time of transition, with significant challenges, but also real opportunities, says Sergio Manea. BCR's CEO, the second largest bank in Romania after assets.
Moody’s estimates are now about 66.5% of GDP starting with 2029. Romania’s budgetary deficit in the ESA, the EU standard was 9.3% last year. The rating agency appreciates the government’s intention to adopt a second package of measures by the end of July. Moody’s rating agency considers the fiscal measures adopted by the Bolojan Government to be “an important step” for budgetary balance. The Agency estimates that if the package is implemented in…
Romania’s tax deficit could reach 7.8% of GDP this year and 6.1% in 2026, if all the three packages of measures announced by Prime Minister Ilie Bolojan, as reported in the last report of the International Moody’s rating agency, could be fully implemented. However, [...]
However, the report warns that it is mandatory to respect all programme targets.
Ministry of Finance: Romania closer to returning to fiscal-budgetary trajectory, according to Moody’s
International rating agency predicts Romania’s fiscal deficit could reach 6.1% of GDP in 2026, if fiscal-budgetary measures plan is fully implemented International rating agency Moody’s appreciates the Romanian Government’s efforts to reduce the budget deficit, considering the recently undertaken fiscal-budgetary measures as “an important step” towards budget balancing. In the agency’s latest report, published on July 9, Moody’s emphasizes that …
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