Fiscal Council: Budget deficit could be in immediate vicinity of 3% of GDP, in 2019
Publicat:The budget deficit at the end of this year could be in the immediate vicinity of 3% of GDP in terms of overestimation of VAT and social contributions, and in the event of less favorable macroeconomic developments than those taken into account in the budget construction, this level could even be exceeded, consider the representatives of the Fiscal Council.
"Given the likely extent of overestimation of VAT revenues (by about 5 billion lei) and of social contributions and income tax (by about 3.5 billion lei), partly offset by the tax revenues on non-taken banking sector assets we estimate…
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