Fiscal Council Head Warns Pension Hike Could Push Budget Gap to 8% in 2022

11.27.2019 By Oana Gavrila

Romania's new pension law, which would raise public pensions by 40% starting September 2020, complicates budget construction for the next years and would take social assistance spending from 10.6% of GDP in 2019 to 14.35% of GDP in 2020, said Daniel Daianu, head of the Fiscal Council.

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Keywords:
DAIANU
, PENSION LAW
, DEFICIT