Romanias public finance sustainability at low risks Ecofin.

By bne IntelliNews February 13, 2013
Romania is in the group of countries with lower risks for public finance sustainability together with Bulgaria, Denmark, Germany, Estonia, Latvia, Hungary and Sweden, according to the conclusions of the Ecofin report on public finance sustainability among EU member states, Romanian minister for budget Liviu Voinea said in a statement. Voinea stressed that Romania backed preventive measures over corrective measures in the pursuit of fiscal consolidation. He also commented about the negative impact on the budget balance of freezing the intermediary payments from the EU budget and about the permanent impact of would-be financial corrections imposed to the disbursement of EU cohesion funds to Romania.

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