Romanian government is on a tight budget with limited possibilities, after having bled billions on uneeded projects in the past, which restricts the capacity to put earmarks in development projects.
In Romania, it is imposed a coherent, restrictive, solid and long-running budget policy, said the Minister of Public Finance, Sebastian Vladescu.
“We need a coherent and responsible public spending policy that could help the economy pick up in the coming period”, said Vladescu.
He added that the Romanian economy was showing signs of recovery, but the country’s performance depended largely upon the recovery of other countries Romania has trade relations with.
“We have to keep a close watch on what’s happening around us. The world is not yet out of crisis, and as long as Romania is part of a globalization process, it would not pursue a sustainable path to recovery, before its trade partners will have emerged from crisis”, the minister pointed out.
The Government anticipates a 1.3% economic growth this year in its base scenario, and 0.2% growth in the worst-case scenario.
Article comments "Ministry of Finance calls for earmarks overhaul"
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