The European Commission will on Wednesday assess Romania's progress in reducing its budget deficit, which is the highest in the EU at 9.3% of GDP
Gabriel Dumitrache
Current Affairs
Foto: Shutterstock
Always see our news on Google
The European Commission will announce on Wednesday its assessments of member states' budget deficits, including Romania, which has the biggest deficit in the EU. Romania has pledged to reduce the deficit to 7% in 2023 and 3% by 2030, but progress has been poor. The necessary tax reform has also not been proposed, which could lead to the suspension of EU funds. The assessment will influence international investors and rating agencies, with Romania at risk of being labeled junk.
Sources
Comisia Europeană anunță miercuri o evaluare critică pentru România, țara cu cel mai mare deficit bugetar din Uniunea Europeană
Comisia Europeană anunță miercuri o evaluare critică pentru România, țara cu cel mai mare deficit bugetar din Uniunea Europeană
Comisia Europeană urmează să anunțe dacă acceptă să acorde României o păsuire pentru redresarea bugetară
Latest News
21:38
Alexandru Nazare wants pension indexation in 2027, but the decision must be prudent and sustainable
21:24
The USA introduce a new requirement for passengers on international flights, including those departing from Romania, in the context of Ebola prevention
21:11
EPC analysis: Rassemblement National is voting less and less like the EPP in the European Parliament, despite moving closer to the ECR
20:59
Finance Minister Alexandru Nazare does not rule out tax increases next year, depending on the budgetary situation
20:42
Benjamin Netanyahu publishes an AI-generated image of an atomic bomb over Tel Aviv and warns of a “second Holocaust” ahead of the election
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
