期刊名称：International Journal of Economic Practices and Theories
印刷版ISSN：2247-7225
出版年度：2015
卷号：5
期号：3
页码：291-295
语种：English
出版社：International Journal of Economic Practices and Theories
其他摘要：The prudent macroeconomic management in the last few years has enabled Romania to recover in some measure from the global financial crisis that has struck the whole world at the end of 2007. The economic activity picked up beginning with 2013 and reached around 2.8% in 2014, driven by the gradual improvement in the domestic demand, led by the private consumption, and by exports, mainly to the EU. Because of the tight fiscal policy the budget deficit was reduced to close to 2.5 % of GDP and Romania exited from the EU’s excessive deficit procedures in June 2013. So, to boost growth and provide fiscal space for co-financing of EU funded projects, the capital budget has been protected and total capital spending is expected to rise from 5.8 % of GDP in 2013 to 6.1% in 2015. In 2015, Romania continues to target a structural deficit of 1% of GDP, which should reduce government debt according to national legislation (excluding temporary financing) from about 40% of GDP in 2013 to 36% by 2018. Prudent monetary and fiscal policies are expected to anchor inflation expectations, maintain fiscal buffers, and reduce public debt.
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