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139 new news items in the last 24 hours
5 July 15:05

Radu Burnete underlines the risks of a large budget deficit, which could lead to higher interest expenditure than defense, education or health budgets.

Raluca Niculae
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Radu Burnete, advisor to President Nicușor Dan, draws attention to the budget deficit of more than 9% of GDP, which could lead Romania to pay 4-5% of GDP annually on interest alone. This would exceed budgets for essential sectors. Burnete emphasizes that to avoid a deterioration in the financial situation, the authorities must take effective measures. He also points out that talks with rating agencies are more difficult than those with the European Commission, and the flexibility the president has achieved in negotiations with Brussels is crucial for stabilizing the economy.

Sources

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Profit.ro
Burnete: În acest ritm, o să cheltuim 4-5% din PIB pe dobânzi. Dacă nu ne vom mai putea împrumuta, tăierile vor fi mult mai mari
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Economedia
Burnete: O să ajungem foarte repede să cheltuim 4-5% din PIB pe dobânzi, în acest ritm de deficit
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Curs de guvernare
Consilier prezidențial: Dacă nu reduce deficitul bugetar, România riscă să plătească mai mult pe dobânzi la datorie decât pe educație, sănătate sau apărare

ȘTIRI PE ACELEAȘI SUBIECTE

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News
Presidential adviser Radu Burnete said that economic data has deteriorated but he does not anticipate recession, stressing the problems of a budget built on hypothetical growth
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Politics
Radu Burnete, presidential advisor: "We are stuck in an administrative and economic model that has reached its limits. Changing it is frightening for all those who cling to it today."
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Economy
Daniel Dăianu, president of the Fiscal Council, believes that Romania's default risks are exaggerated, despite Prime Minister Ilie Bolojan's warnings.
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News
Radu Burnete says that the Government must continue the necessary reforms, emphasizing the importance of communicating with citizens and making adjustments along the way.
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News
Petrișor Peiu, the leader of the AUR senators, criticizes the Bolojan Government for its inability to reduce the budget deficit, which has reached 76 billion lei.
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Politics
Prime Minister Ilie Bolojan underlines the real risk of Romania defaulting on its payments if austerity measures are not implemented urgently.
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Radu Burnete budget deficit Romania Economy

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The U.S. government will enter a government shutdown on Wednesday, with the suspension of federal agency activities, after Democrats and Republicans failed to reach an agreement.

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