![](https://cdn.cursdeguvernare.ro/wp-content/uploads/2020/10/sedinta-guvern-300x172-1.png)
5.2% of GDP deficit in 8 months: a general decline in revenues, sharply rising expenditure and investment
The execution of the general consolidated budget in the first eight months of 2020 registered a deficit of RON 54.77 billion (5.18% of GDP, an
The execution of the general consolidated budget in the first eight months of 2020 registered a deficit of RON 54.77 billion (5.18% of GDP, an
Reducing contributions to Pillar 2 of the pension system will also amputate the contribution to future private pensions resulting from investments in large Romanian companies.
European countries have quite diverse pension systems in terms of financing methods but basically based on two models, Bismarck and Beveridge. The former is mostly
Following the systematic increases in recent years and the transfer of contributions from the employer to the employee, Romania has surpassed Lithuania in terms of
The discussion on transferring wage contributions, which under the current system are partly paid by the employee and partly by the employer, fully to the
The plan of the Ministry of Public Finance (MFP) to impose „a certain level of the gross salary” on private companies is a questionable intrusion
The execution of the general consolidated budget in the first eight months of 2020 registered a deficit of RON 54.77 billion (5.18% of GDP, an
Reducing contributions to Pillar 2 of the pension system will also amputate the contribution to future private pensions resulting from investments in large Romanian companies.
European countries have quite diverse pension systems in terms of financing methods but basically based on two models, Bismarck and Beveridge. The former is mostly
Following the systematic increases in recent years and the transfer of contributions from the employer to the employee, Romania has surpassed Lithuania in terms of
The discussion on transferring wage contributions, which under the current system are partly paid by the employee and partly by the employer, fully to the
The plan of the Ministry of Public Finance (MFP) to impose „a certain level of the gross salary” on private companies is a questionable intrusion