Fiscal Council

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 to happen in 2020.

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 apparatus given that, according to him, the acute deficit of fiscal area is increasingly dangerous.

FinMin Teodorovici says budget revision secures full payment of wages, pensions, investment projects

The latest budget revision bill secures the full payment of public wages, pensions and investment projects, and nobody has to worry about it, Finance Minister Eugen Teodorovici said at the end of a Government meeting on Monday. "The Gross Domestic Product (GDP) has passed the 1-billion-leu mark for the first time. Where the Government took some measures, results were seen.

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 the National Audio-Visual Council (CNA). The voting was secret, with ballot papers.

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 and the president of the National Audiovisual Council (CNA).

Fitch Ratings confirms Romania's rating at 'BBB-', but warns it could exceed deficit target in 2019

Fitch Ratings has affirmed Romania's Long-Term Foreign and Local Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, but warned that the budget deficit might widen to 3.4 percent of the GDP in 2019, a release of the agency informed.

UPDATE/CCR says 2019 state budget law is constitutional

The Constitutional Court of Romania (CCR) rejected on Wednesday the notification of President Klaus Iohannis regarding the state budget Law on 2019, establishing that the normative act is constitutional, officials of the CCR told AGERPRES. The quoted source mentioned that the decision was unanimous.

UPDATE Iohannis calls 2019 national budget budget of national disgrace, vows to refer it to court

President Klaus Iohannis on Friday says he will refer the 2019 budget draft bill to the Constitutional Court of Romania (CCR). "There are, unfortunately, unconstitutionality aspects in this budget as well. The budget of national disgrace not only endangers the Romanian economy, but also it also contains clear unconstitutionality aspects.

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