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53 new news items in the last 24 hours
  1. Home
  2. Economy

Romania is taking tough fiscal measures to consolidate its public finances, with painful immediate effects, but long-term benefits.

Sanziana Georgescu
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17 July 2025, 06:25
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Economy
sursa foto: Inquam Photos / George Călin
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In the context of deteriorating public finances, Romania is taking ambitious fiscal measures, the most significant since the Great Financial Crisis. While the short-term impact will include high inflation and low economic growth, ING Bank Romania's analysis suggests that, if implemented correctly, these measures could bring medium- and long-term benefits, including avoiding a junk rating.

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ULTIMA ORĂ „Cum să reduci cel mai mare deficit din UE”. ING vede un impact dureros al măsurilor fiscale, cu o creștere PIB apropiată de zero și inflație. Execuția corectă ar putea aduce și efecte pozitive
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ULTIMA ORĂ „Cum să reduci cel mai mare deficit din UE”. ING vede un impact dureros al măsurilor fiscale, cu o creștere PIB apropiată de zero și inflație. Execuția corectă ar putea aduce și efecte pozitive

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NEWS ON THE SAME TOPICS

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Economy
Adrian Codirlașu warns: Romania must grow economically and reduce its deficit before adjustments become more painful
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Politics
Rareș Bogdan comments on the effects of austerity measures: "It is clear that increasing taxes only brings short-term added value, after which the economy contracts."
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Economy
The honorary advisor of the interim prime minister Ilie Bolojan: Romania continues to risk being downgraded to the "junk" category.
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Economy
Bloomberg: Traders are already treating Romania’s bonds as junk, although they have not yet been downgraded. Investors are watching political stability and the 2027 budget
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Economy
Alexandru Nazare welcomes the decrease in inflation, but warns that Romania cannot afford to abandon fiscal adjustment
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Current Affairs
Alexandru Nazare says that Romania must reduce the deficit and protect investments, infrastructure, and the economy
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ing bank analysis austerity measures tax measures junk

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