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Paradoxical Records: from the Champion of Growth to the Champion of Deficits

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After Romania registered the highest economic growth among EU countries in 2016, this performance did not even start to be forgotten that, again at European level, there are signs of another record, this time the largest counter-performance in terms of budget slippage. It is symptomatic the way in which, through the pro-cyclical fiscal and budgetary policies of the last 2 years, Romania is experiencing the steepest budgetary slippage and is in pole-position in the EU in terms of weakening the fiscal-budgetary situation.

Of course, it is a paradoxical record: making big deficits on the backdrop of the highest rate of economic growth.

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3 Comments on "Paradoxical Records: from the Champion of Growth to the Champion of Deficits"

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Hannibal ante portas
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In RO at trebui sa se initzieze in referendum – cu vot obligatoriu, eventual sustzinut prin sanctziuni financiare – cu intrebarea, adresata intergului popor, daca este de accord ca guvernul sa angajeze cheltuieli peste incasarile din taxe si impozite si daca da, ce procent de deficit bugetar are aprobarea poporului (3? 2? 1? 10? etc). Participarea la vot trebuie sa fie universal si obligatory, iar rezultatul referendumului sa devina obligatoriu pentru guvern si parlament. Fara o asemenea obligativitate, guvernul poate face ce vrea mushkii sai, pe baza unei majoritatzi confortabile (de 18% din corpul electoral? haida,de) in parlament. Stiu ca… Read more »
BH
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Total de acord! Este un material care ar sta la baza constructiei bugetare! Si? Ce facem? Solutii? ConTructive! Este politicianism curat! Avem n astfel de analisti! Mai bine ati face o lecislatie, asa incat bugetele sa fie predictibile, redtrictive unde e cazul! Sa nu spuneti ca nu puteti! Aveti partide in spate! Pana una alta Ghinion, avem buget fantasmagoric! Latrati, latram si putem conjuga in continuare! Zero!

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