Valentin Lazea (BNR): no alternative to deferring planned pension hike

The budget revenues can increase by 1.2%-1.3% of GDP as a result of feasible corrective actions the new Government of PM Ludovic Orban could implement immediately - which might be enough to offset the effects of the pension hike already operated in September 2019 but is far from enough for covering the massive 40% hike scheduled for September 2020, according to Valentin Lazea, chief economist of Romania’s National Bank (BNR). Including the ...

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