Central bank governor: Budget revenues cannot exceed 32 pct of the GDP
Agerpres - 4 Martie 2010
A budget deficit worth 35 percent of the Gross Domestic Product (GDP), as it has been talked in Romania about is a 'bashing lie', I'm sorry to say it, the budget revenues could only attain merely 30-31 percent of the GDP, on Thursday said the National Bank of Romania (BNR) governor Mugur Isarescu, at a seminar on macro-economy.
'30 - 31 percent of the GDP revenues to the state budget it is the maximum obtainable. This is the money we could administrate. We share what we've got', the central bank's governor underlined.
Should the real value of the salary goes down, in an economy still not recovering, the pensions will naturally go down as well. Romania as it is made could not draw out from taxation more than 32 percent of the GDP, Isarescu explained.
'I don't see the Romanian economy surfacing from recession, by creating revenues exclusively for the pensions' payment', the BNR governor said.
Sursa: http://www.agerpres.ro
Tags: revenues
budget
governor
bnr
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