EC says Romania's government deficit will reach 6.1pct of GDP by 2021
Publicat:The new pensions law is the main factor causing the rapid increase in the general government deficit up to 6.1 percent of the GDP in 2021, and the high fiscal sustainability risks, the European Commission estimated in the Country Report for Romania published on Wednesday. Moreover, Romania's ratings are at the lower limit of the "investment grade" with a "BBB-" or the equivalent rating of the sovereign debt from the three major rating agencies, the assessments being much more sensitive to the future direction of the fiscal policy, the EC warned. The value of the early-detection indicator of…
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