Romania's Fiscal Council expects a 3.5% economic growth for this year
The economic growth will be around 3.5% this year, as estimated by the European Commission, according to Romania’s Fiscal Council.
The VAT cut on food, as well as the return of investments and the salary growth, will contribute to a higher economic growth than estimated at the beginning of the year. Internal demand continues to be the main engine of economic growth, proving much stronger than net exports, reports local Agerpres.
Tax collection efficiency remains at a low level. The reform process probably needs time to actually show results, according to the Fiscal Council.
editor@romania-insider.com
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