Dumitru: Regional discrepancies are very big in Romania
Regional discrepancies are very big in Romania, with a ratio of 1 to 5 between the richest and the poorest county, the president of the Fiscal Council, Ionut Dumitru, declared at a press conference on Tuesday.
“We had economic growth based on consumption. 4.8% economic growth last year, of which consumption contribution was 4.9% and investment contribution zero. Without any new investments we grew last year by 4.8%. That should have made us wonder how sustainable our growth could be. Industry grew by 1.7% last year, when economy grew by 4.8%. This consumption increase is generated by very rapid income growths. The salary fund in economy grows rapidly. Salary increases are very rapid, the consumer’s feeling improved hugely. We have very big regional discrepancies in the context in which we are talking about Europe with two speeds,” Dumitru said.
He pointed out that there should be takjs about Romania with several speeds inside the country too.
“We have a distance between counties like Bucharest-Ilfov or Cluj, Timisoara, Sibiu, Brasov which have per capita GDP higher than Botosani or Vaslui. We have a 1 to 5 ration in point of GDP per capita between the poorest and the richest counties. If we consider the evolution of things in time, there are counties which become poorer than they used to be and, unfortunately we are talking about most counties. Population drops abruptly. There are counties where we lost 20% of population in the last 15 years. That is huge,”the president of the Fiscal Council showed.