The Economist Tells Romania's Government: You’ve Got No Money To Raise Wages

04.02.2012 By Claudia Medrega

Achieving the deficit target of 1.9%-2.1% of the gross domestic product in 2012 will entail a freeze in public sector wages and pensions and will not leave room for cuts in VAT or social security contributions, according to the Economist Corporate Network, an entity affiliated to The Economist, one of the most prestigious business publications.

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Keywords:
GOVERNMENT
, GDP
, WAGES
, DEFICIT