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
11:02
Meteorologists announce an intense heat wave, lasting until the end of next week. Temperatures of up to 40 degrees.
10:56
Red Plan activated in Argeș after the accident of a minibus with Dinamo juniors
10:45
OMV reports a decrease in hydrocarbon production, but an increase in profit.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
