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UniCredit Report: Romanian government has 3 choices this year: sharp rise in budget deficit, public spending cut or more ad-hoc tax increases

The Romanian government has three unenviable choices in 2019: a sharp rise in budget deficit, probably penalized by rating agencies and lenders, a cut in public spending or more ad-hoc tax increases, according to UniCredit’s 2Q CEE quarterly report. The last two options would further affect economic growth in elections years 2019-20, the report says. “Influential members of the Social Democrat Party (PSD) argued for ...

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