Romania, along with many other countries in the European Union, faces daunting fiscal challenges. Fiscal balances deteriorated sharply following the global economic crisis, forcing Romania to implement a fiscal consolidation that was one of the largest in the European Union, but which may not be sustainable without a recovery of economic growth. Although the ratio of public debt to gross domestic product is still relatively modest, at around 35 percent...
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详细
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2012/01/01
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政策研究报告
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WPS5927
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1
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1
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2012/01/01
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Disclosed
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The challenges to long run fiscal sustainability in Romania
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Fiscal Sustainability