The economic analyst George Vulcanescu said for Hotnews.ro that the increase of the budget deficit was possible as Romania had no accord with the IMF, however, it was very important how the money was spent. The analyst warns that if the money is not spent with investments the measure is useless.
According to Vulcanescu, Poland and Hungary had already increased the state’s budget deficit and recorded a success with the measure.
Vulcanescu reckons that the National Bank of Romania is harmonizing its policy with the Government’s trend; hence yesterday decision on the tightening o the loan policy.
