Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Jeffrey Franks (IMF): Flat or negative growth this year, in Romania

Romania will have flat or negative growth in 2010, Jeffrey Franks Head of the IMF mission told a press conference concluding the review mission in Bucharest.

Franks said that Romania will have a flat or even negative growth in 2010, and without employing corrective measures, the public deficit might reach 9.1 percent and would become unsustainable. He also added that a 6.8 percent of GDP fiscal deficit target was agreed upon.Franks underlined that the authorities must speed up the actions of preventing fiscal evasion, this being a source of increasing the budget collections. He also added that they agreed upon a series of structural reforms, which would lead to steady fiscal savings. Jeffrey Franks pointed out that those structural measures should make possible a deficit of 4.4 percent of the GDP, established as a 2011 target by the Government.

Sursa: http://www.agerpres.ro

Tags: franks romania growth negative jeffrey

Articole similare