European Commission recommends Romania to correct excessive deficit by 2024
Publicat:The European Commission on Wednesday recommended a Council recommendation for the correction of Romania's excessive deficit by 2024.
Since 2020, Romania, unlike other member states, has been subject to the Excessive Deficit Procedure (EDP), to be reassessed this spring. On April 3, 2020, the Council adopted Decision (EU) 2020/5095 on the existence of an excessive deficit situation in Romania due to non-compliance with the deficit criterion in 2019. The excess over the 3% of GDP Treaty reference value was the result of a continuous build-up of fiscal imbalances due to an expansionary…
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