Fiscal Council

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.

Romania's Supreme Council for National Defence (CSAT) meeting which will include discussions about the Caracal case started on Tuesday at the Cotroceni Presidential Palace.

Finance Minister Eugen Teodorovici said on Thursday that there is no time for the budget revision to be approved July 31, as initially planned, but the government could pass it a week later.

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.

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 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.

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.

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.

The government approved at Friday's sitting the 2019 State Budget Bill and the 2019 Social Security Budget Bill, with the acts to be next referred to Parliament on the same day, Minister of Public Finance Eugen Teodorovici told a press conference at the Victoria Palace of Government.

The domains of healthcare and education are considerably understaffed in Greece in comparison with the average levels in other European Union member-states, which according to a special study by the Fiscal Council is partly attributed to the economic crisis.