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Struggling With Deficit, Romanian Premier Confronts Wage Demands

Struggling With Deficit, Romanian Premier Confronts Wage Demands
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Daianu:Big problem this year is to keep spending under control

The big problem this year is to keep budget expenditures under control, says Fiscal Council chairman Daniel Daianu, who also mentioned that last year s budget e.

Fiscal Council estimates Romania s 2024 budget deficit at over 6 pct of GDP

According to Fiscal Council estimates, Romania s budget deficit this year will be in excess of 6 percent, with slim chances to fall below this limit if capital .

Fiscal consolidation process will be painful, it is desirable to be carried out fairly (Fiscal Council head Daianu)

Fiscal consolidation will be a painful process and it is desirable to conduct it fairly, said on Tuesday the chairman of the Fiscal Council, Daniel Da.

Daianu (FC): We could have a GDP dynamic arund 3%; we risk budget deficit of 75%

Romania may register this year a 3% economic growth, but we risk reching a budget deficit of 7% if we are not attentive, said Daniel Daianu, the president of th.

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