Print
YM
E-mail
Mai mare|Mai mic

Negotiations context with the IMF / From the last IMF report: the Q1 fiscal performance disappointed / Romanian authorities claimed that a program based on cutting costs is superior to the one based on increasing taxes 

de AC     HotNews.ro
Marţi, 27 iulie 2010, 19:19 English | Top News

The last report of IMF experts, published on Friday on the official webside of the Fund, made after the last IMF visit in Romania analyzes the evolution of the economy until the end of the first quarter and notes the expectations for the following period. The two targets that were not reached - the budgetary deficit and the state's debt to the private environment were caused by the tension on increasing spending and collecting revenues which was lower than expected. 

Authorities plan to decrease the level of public debt to the private environemtn by restructuring the health sector at the central level and by signing swap agreements to compensate debts between local and private companies, the document reads. 

To reach the 6.8% budget deficit at the end of 2010 the GDP must be adjusted by 2.3%, the IMF report reads. The document reads that the IMF and Romanian officials talked about several ways to adjust based on revenues and spending. Authorities opted for a package based on cutting spendings. 























114 views


ESRI



Hotnews
Agenţii de ştiri

Siteul Hotnews.ro foloseste cookie-uri. Cookie-urile ne ajută să imbunatatim serviciile noastre. Mai multe detalii, aici.
hosted by
powered by
developed by
mobile version
Marţi