about us | newsletter | contact | archive | members area
EMILIA BUNEA, CEO, METROPOLITAN LIFE
The young generation is characterized by the preference of obtaining quick results, easi»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

AmCham: Increased budget revenues collection and high investments are essential for generating growth

In the context of the public debates around the State Budget project for 2017, AmCham Romania reiterates the importance of a balanced budgetary projection, focused on economic growth and investment that should enable stability, predictability and equally sustainability of the measures aimed at economic development, a press release issued by the American Chamber of Commerce in Romania shows.

2017-02-07 15:21:51

"Reaching the 5.2 per cent economic growth target, given the constraints of observing a maximum of 3 per cent budgetary deficit calls for intensified efforts to increase the collection capacity and for a thorough implementation of the proposed investment plan," according to the same source.

AmCham states that the raise of the projected revenues of 254, 72 billion RON (56.4 billion Euro) compared to the 223, 72 billion RON (49.5 billion Euro) collected in 2016, must be based on increased budgetary revenues, avoiding any changes of the fiscal policy.

In AmCham's view it is important that the commitment to the 39,4 billion RON (8.6 billion Euro) for investments is observed, as it will have a major contribution to reducing gaps in key sectors for Romania, such as education, healthcare, infrastructure, R&D, provided it is strategically channelled.

"At the same time, we recommend that UE Funds absorption remains a central objective in the Government agenda, reflected as such in the state budget project," the press release also shows.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2590 Views
Daily Info
Office stock to increase by 350,000 sqm this year, says Colliers

Romanian office market registered last year the highest rate of deliveries in the last seven years, and the upward trend will continue in 2017. This year, the stock of office ...

VIG profit doubled to around 407 million Euro last year

Vienna Insurance Group (VIG) profit before taxes more than doubled to around 407 million Euro last year, according to preliminary figures for 2016.

Enel to invest 329 million Euro in Romania in 2017-2018

Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 millio...

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania

European Commissioner for Regional Policy Corina Cretu welcomed Romania's Minister of Research and Innovation Serban-Constantin Valeca in Brussels to discuss the latest develo...

Uber to launch carpool service in Romania by 2020

Uber Romania said that the app reached 250,000 users in 2016, three times higher than the launch in February 2015, with Romania ranking second in Central and Eastern Europe af...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
Energy Performance Contracting for public buildings

The Romanian Association for Promoting Energy Efficiency (ARPEE), established in 2012, has as overall scope the mobilization of its members’ resources and competences to ...

Iohannis: I request Government to abandon demarches on pardon and amendment of Criminal Codes

President Klaus Iohannis requests the Government to "abandon" the demarches regarding pardon and the amendment of the Criminal Code, Criminal Procedure Code, underlining th...

Iohannis: Enough arguments for Government to withdraw pardon and criminal codes amendment drafts

President Klaus Iohannis maintains that there are enough arguments to determine the Government to withdraw the drafts referring to pardon and the amendment of the criminal ...

Iohannis: PSD's first concern to deal with criminals' files

President Klaus Iohannis told the Parliament plenary session on Tuesday that the ruling party, PSD (Social Democratic Party), after winning general election, has had a "sui...

Iohannis: Budget approach lacks needed responsibility in security context

President Klaus Iohannis sent a letter to Prime Minister Sorin Grindeanu drawing the attention that the approach on the budget construction doesn't prove the responsibility...

Iohannis: Justice independence seriously breached; we must take attitude; first step - CCR notification

Justice independence has been seriously breached by the Government by adopting the Government Emergency Ordinance (GEO) for the modification of the criminal codes, Presiden...

OUG draft: Full pardon for sentences up to five years of prison

The emergency ordinance (OUG) draft on pardoning some sentences, which the Ministry of Justice released for public debate on Wednesday, stipulates that the sentences up to ...