structural deficit

The European Commission (EC) has determined that Romania has not taken efficient measures to „correct its significant deviation from the adjustment plan to achieve the mid-term budgetary objective” (the so-called MTO), according to the EC press release which...

* Budget deficit, cash    Budget deficit, ESA    Structural deficit * We made a memory effort and sought to see the budget commitments for the current year. Taken directly from the source, they look like in the table below,...

  The European Commission (EC) shows in the 2017 country report on Romania that, by reversing the consolidation trend, the fiscal policy turned pro-cyclical in 2016 and the deficit is widening. Driven by significant tax cuts and expenditure...