Reuters: ROMANIA UNLIKELY TO POSTPONE PLANNED 2017 FISCAL LOOSENING - IMF

Romania's government was unlikely to postpone planned 2017 tax cuts to avoid exceeding its budget deficit target as there would be little parliament support for it in an election year, the International Monetary Fund said in a report on Wednesday quoted by Reuters. The IMF expects Romania's economy to rise 4.2 percent this year and 3.6 percent in 2017, driven by public sector wage hikes and tax cuts enforced this year ahead of two elections, with ...

Developed by Codecraftsman