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20:30, 16.04.2024

Artificial Intelligence brings enormous benefits, but involves enormous risks and threats

Artificial Intelligence brings enormous benefits, but involves enormous risks and threats

Artificial Intelligence (AI) brings enormous benefits but, just like in the story of Dr. Hyde and Dr. Jekyll, it involves enormous risks and threats, considers the head of the Fiscal Council, Daniel Daianu."Cyberwarfare…




15:30, 09.04.2024

Fiscal consolidation process will be painful, it is desirable to be carried out fairly (Fiscal Council head Daianu)

Fiscal consolidation process will be painful, it is desirable to be carried out fairly (Fiscal Council head Daianu)

Fiscal consolidation will be a painful process and it is desirable to conduct it fairly, said on Tuesday the chairman of the Fiscal Council, Daniel Daianu, who warned that the "bulk" of the adjustment cannot be…




14:20, 03.01.2024

2025 might be turning point in budgetary consolidation through new fiscal/budgetary measures (Fiscal Council president)

2025 might be turning point in budgetary consolidation through new fiscal/budgetary measures (Fiscal Council president)

The year 2025 might be a turning point in budgetary consolidation through new fiscal/budgetary measures that will help Romania to exit the excessive deficit procedure, even if not immediately, Daniel Daianu, president…




15:36, 16.02.2023

Fiscal Council head:Inflation has seemingly plateaued, downward trend to follow provided policies are appropriate

Inflation has reached a plateau and will henceforth go down if the monetary and budget policies are appropriate, says Fiscal Council chairman Daniel Daianu. Fii la curent cu cele mai noi stiri. Urmărește stiripesurse.ro…




15:50, 25.01.2023

Daianu(CF): Romania cannot afford a decrease in tax revenue

Romania cannot afford a decrease in tax revenue given that the consolidation of the public government deficit has to continue, Chairman of the Fiscal Council (CF) Daniel Daianu said on Wednesday. Fii la curent…




17:46, 21.10.2022

Fiscal Council's Daianu: Romania could end 2022 with budget deficit of under 6%

Romania could end 2022 with a budget deficit of less than 6%, depending on the budget revision in November, Daniel Daianu, the president of the Fiscal Council, said in a video message at the third edition of the…




15:51, 18.08.2022

FinMin Caciu: 6-month budget execution shows deficit under control, criticisms of Fiscal Council, relevant

The 6-month budget execution showed us that we can keep the deficit under control, but the criticisms of the Fiscal Council are relevant and must be taken into account, Minister of Finance Adrian Caciu told the…




00:01, 29.07.2022

Non-performing loans rate drops 3.34pct in 2021

Last year, the rate of non-performing loans continued its downward trend from previous years, reaching the value of 3.34pct in December, compared to 3.71pct in December 2020, according to the 2021 Annual Report…




23:10, 28.07.2022

Investment expenses, 5% of GDP last year

Last year, investment expenses were 5% of GDP, a level similar to that recorded in the previous year, but under the conditions of a nominal GDP growth of 11.6%, according to the 2021 Annual Report of the Fiscal…




17:50, 18.03.2022

You cannot ensure security, even if you're in NATO, without a robust economy (Fiscal Council)

Romania needs to have a "robust" economy, apart from membership to NATO and EU, in order to benefit from an adequate security, the chairman of the Fiscal Council, Daniel Daianu declared on Friday. Fii la curent…




15:50, 28.09.2021

Fiscal Council chair: PNRR has already become national psychosis

The National Recovery and Resilience Plan (PNRR) has become a national psychosis, and the thesis with the money coming in is not Okay, because we have to succeed with internal resources, not only with European…




16:26, 20.09.2021

Official Daianu: Financial crisis and pandemic push public debt up to 47pct of GDP in end-2020

The financial crisis and the pandemic have led to an increase in the public debt from about 15% of GDP in 2008 up to over 47% of GDP at the end of 2020, with a fiscal consolidation with an average annual deficit…




16:35, 27.08.2021

PSD demands that prime minister give explanations on budget revision, following Fiscal Council's criticism

Social Democratic Party (PSD) demanded on Friday that Prime Minister Florin Citu explain the budget revision, following criticism from the Fiscal Council, adding that the social democrats' priority is to change…




08:40, 27.08.2021

Fiscal Council: Budget revision draft law is weakening previously announced budgetary consolidation

The draft budget amendment weakens the budgetary consolidation as it was announced for 2021, the Fiscal Council said on Thursday night, in a release. "The large-scale revision of the budget revenues (increases…




13:21, 17.08.2021

Official Daianu on economic growth: Figures must be contextualized

The the economic growth of 6.5pct posted by the National Institute of Statistics (INS) for the first half of the year, and that of 13pct posted for the second quarter must be contextualized, head of the Fiscal…




15:55, 19.05.2021

Daianu: Romania's economic growth to be between 6-7pct in 2021; I also notice entrepreneurial effervescence

Romania will record economic growth of between 6 and 7% in 2021, Daniel Daianu, chairman of the Fiscal Council said on Wednesday, adding that there is an economic rebound, there is public investment spending of…




18:55, 09.04.2021

Top economist Daianu: Romania's economic growth will be around 6pct in 2021

Romania will have a respectable rate of economic growth in 2021 that will hover around 6%, between 5.5% and 6%, said on Friday, Chairman of the Fiscal Council Daniel Daianu told an online event. "In my opinion,…




20:40, 18.02.2021

PM Citu: Draft law on state budget to be approved with same deficit variant, 7.16 pct

The draft state budget law will be approved with a deficit target of 7.16 percent and with the same parameters of expenditures and revenues, Prime Minister Florin Citu declared on Thursday. "The budget deficit…




12:05, 01.02.2021

Daniel Daianu: Economy could grow 3% - 4.5% in 2021

Romania's economy could grow between 3% and 4.5% this year, and the most optimistic scenario will be all the more feasible the higher the vaccination rate, said Fiscal Council President Daniel Daianu in an interview…




13:35, 22.10.2020

Noted economists write open letter to caution against 40 pct increase of pension point

A 40 percent increase of the pension point at this moment must be avoided, because the economy cannot support it, and should the measure be implemented, the gradual fiscal/budgetary consolidation that would protect…




10:50, 24.09.2020

Fiscal Council's Daianu: Public budget mustn't be played in politics' roulette

Romania could record an economic growth of 4-5 pct next year, but it needs to keep budget spending "tight", said, for AGERPRES, Daniel Daianu, chairman of the Fiscal Council and coordinator of the convergence analysis…




18:08, 07.05.2020

Top financial official Daianu calls funding economy great challenge of 2020 requiring responsibility

Funding the Romanian economy is the great challenge of 2020 that requires responsibility, and if we do not prove it, we will quite soon reach a painful correction programme, as it was in 2009-2011, says academician…




17:12, 27.04.2020

Pro Romania's Tutuianu: No government plan for the Romanians' return to work

The government has no plan in place for the Romanians' return to work, and unless the economic activities are resumed according to a carefully devised program, the economic crisis will deepen, Chairman of the Pro…




20:15, 23.01.2020

PM Orban puts to rest Fiscal Council's concerns over possible widening of 2020 budget deficit

Prime Minister Ludovic Orban said on Thursday that he understands the concerns expressed by the Fiscal Council regarding the possible increase of the budget deficit, but assured that "there is no risk" for this…




12:34, 28.11.2019

Below-3pct deficit only possible with public spending cuts, leaner public sector

Without a falling trend in public spending and without a leaner public sector keeping the government deficit below 3pct will not be possible, Bogdan-Octavian Cozmanca, deputy chair of the Fiscal Council, warned…




13:07, 31.10.2019

Fiscal Council's Daianu: We cannot fit deficit target in 2019;2020 budget should start correction

This year Romania cannot fit within the deficit target of 3 percent and the budget for 2020 should start the correction, the key-parameters being maintaining the deficit level of 2019, Chairman of the Fiscal Council…




18:55, 17.09.2019

Postponing new income increases, waiving new tax cuts, recommendations of Fiscal Council president

The President of the Fiscal Council, Daniel Daianu, recommends postponing new increases of incomes / salaries, stopping the promises that generate unrealistic expectations in citizens and restructuring the state…




18:06, 03.07.2019

Parliament appoints officials to financial, fiscal, media public offices

In a joint meeting on Wednesday, the Chamber of Deputies and the Senate appointed members to the Board of Directors of the National Bank of Romania (BNR), the Fiscal Council, and also nominated the chairman of…




17:36, 03.07.2019

Joint plenary meeting of Parliament for the appoinment of BNR BD and Fiscal Council members started

The Senate and the Chamber of Deputies gathered on Wednesday in a joint extraordinary session to appoint the new members of the Board of Directors (BD) of the National Bank of Romania (BNR), the Fiscal Council…




17:22, 26.06.2019

Parliament to hold extraordinary session on July 3 for appointments to BNR, Fiscal Council, media watchdog

According to a decision made on Wednesday by Parliament's joint standing bureaus, the Chamber of Deputies and the Senate will convene on July 3 in an extraordinary session for the appointment of the members of…