“Success in terms of tempering inflation and the stability of macroeconomic parameters requires a good conclusion between the current policies of the Central Bank (BNR, ed.) and fiscal policies. We are primarily referring to maintaining a budget deficit in the terms agreed at the beginning of the year, because based on that deficit we also make the inflation evolution scenarios. It is absolutely mandatory that the budget deficit be kept within the agreed terms, not only because we have an agreement with the European Commission to keep certain budget parameters, but also because a growing budget deficit compared to the forecasted one means additional pressure on inflation” , explained Dan Suciu at TVR Info.
He warned that the optimistic scenario regarding a decrease in inflation in the second part of the year is based on the existing figures regarding budget expenditures, and a deviation from these data will “determine a reversal of the inflation trend”.
“We have this scenario, let’s say optimistic, but it relies on the existing figures, not on other figures, i.e. public expenses increased from the debt, which go to salaries and pensions, which can no longer be kept under control, obviously creates a problem additional because they will cause a reversal of the inflation trend. From this point of view, keeping the budget deficit, with certain cuts that…it is the Government’s role to identify, we do not comment on these aspects, but keeping this budget deficit is mandatory”, said the spokesperson of the BNR.
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