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146 new news items in the last 24 hours
16 April 09:38

Erste, an international banking institution, warns that postponing the fiscal package needed to reduce the deficit to 7% of GDP would lead to Romania's downgrading to junk status

Sanziana Georgescu
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Economy
sursa foto: shutterstock.com
The Erste analysis underlines that Romania's paralyzed fiscal policy, due to repeated elections, risks downgrading its investment grade rating. The budget deficit has risen to 8.7% of GDP and the European Commission's estimates point to a further deterioration. Without corrective measures, public debt could exceed 100% of GDP in the next 10 years, with severe consequences for the country's financial stability.

Sources

sursa imagine
psnews.ro
Erste avertizează că România are nevoie de un nou pachet fiscal pentru a evita ratingul junk
sursa imagine
B1TV
Erste avertizează că România riscă să fie retrogradată la categoria “junk”, în absența măsurilor de consolidare fiscală
sursa imagine
Ziare.com
O instituție bancară internațională avertizează România: Amânarea măsurilor fiscale din cauza alegerilor va duce țara direct în categoria "junk"
sursa imagine
Digi24
Fără o reformă fiscală, economia României riscă să ajungă în categoria „junk”. Dăianu: „Reducerea cheltuielilor nu e de ajuns”

ȘTIRI PE ACELEAȘI SUBIECTE

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Economy
Moody's agency confirmed Romania's sovereign rating at 'Baa3', but maintained the negative outlook due to significant risks related to the Government's fiscal consolidation program.
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Economy
Fitch has reconfirmed Romania's sovereign rating at BBB-/F3, maintaining a negative outlook due to deteriorating public finances.
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Economy
The governing coalition has decided on a budget adjustment to a deficit of 8.4% of GDP, in order to cover unforeseen expenses, which raises questions about financial sustainability.
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Economy
Ciprian Ciucu warns that Romania's 10% GDP deficit risks leading to a crisis similar to the Greek one.
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News
Financial Times: Romania risks economic collapse due to austerity measures
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Politics
Prime Minister Ilie Bolojan announced a deficit of 8.4% of GDP, equivalent to 159 billion lei, after the meetings in Brussels.
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investment grade junk tax policy relegation correction

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