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- W4205895795 abstract "Subject Romania’s revised 2019 budget. Significance The government has portrayed the first budgetary adjustment for this year, in mid-August, as a positive exercise and a mere correction in the payments schedule, with sums that had been allocated to underspending departments redirected to cover urgent needs elsewhere. According to this account, the adjustment will painlessly ensure full payment of wage and pension commitments which increase from September, while keeping the cash deficit below 2.76% of GDP. But this is based on assumptions of continued high economic growth despite the European and global slowdown, and ignores underlying vulnerabilities in the economy. Impacts As long as the economy grows at a respectable pace, the public will go along with official optimism. The business community is concerned at the prospect of new taxation. Behind the scenes, parties are preparing for a presidential election that may represent a shift in the power balance." @default.
- W4205895795 created "2022-01-25" @default.
- W4205895795 date "2019-08-28" @default.
- W4205895795 modified "2023-10-16" @default.
- W4205895795 title "Romanian government is staking on further rapid growth" @default.
- W4205895795 doi "https://doi.org/10.1108/oxan-db246051" @default.
- W4205895795 hasPublicationYear "2019" @default.
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