Tax Council head: Collections below expectations, rising social expenditures, massive public investment adjustment
Publicat:The budget picture is quite complicated, as collections are below expectations, social expenditures are going upwards and public investment undergoes massive adjustment, president of the Tax Council Ionut Dumitru told a conference organized by the Romanian Association of Financial-Banking Analysts (AAFBR) on Wednesday.
"The current budget picture is quite complicated, with collections below expectations, a rise in social expenditures past anticipation and a massive adjustment of public investment. Budget revenues have been in a steady decline for two years now. We lost about 2 percent…
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