Romania's fiscal-budgetary imbalance is categorically recognized as the main problem we have to solve at present, believes the Governor of the National Bank of Romania (BNR),
The structural budget deficit is probably over 5.5% of the GDP at present, and last year the budget deficit (ESA) was around 6.2%, according to the Convergence .
European funds represent a "golden nugget", which can mitigate the costs of macroeconomic adjustment, facilitate the necessary reforms (including the modernization of the Romanian state), facilitate the financing of the balance of payments, increase the competitiveness of national production, but "European money cannot prevent the need for budget correction" , says Daniel Dăianu, the president of the Fiscal Council, in the preface of the work in the Convergence Analysis Report "Romania - Euro Monitor Zone
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