Political working group drafts proposals for major public spending cuts in Romania
The technical working group formed by Romania’s four parties negotiating the formation of a governing coalition is drafting a series of cost-cutting measures aimed at reducing public expenditure, Profit.ro reported. However, no estimate of…
iulian ernst · Journalist
· Updated · 2 min read
The technical working group formed by Romania’s four parties negotiating the formation of a governing coalition is drafting a series of cost-cutting measures aimed at reducing public expenditure, Profit.ro reported. However, no estimate of the total size of these reductions is currently available.
The measures are part of efforts to meet a fiscal consolidation target of RON 35 billion (EUR 7 billion), equivalent to nearly 2% of GDP, through spending cuts and increased revenues.
