AmCham: Increased budget revenues collection and high investments are essential for generating growth
In the context of the public debates around the State Budget project for 2017, AmCham Romania reiterates the importance of a balanced budgetary projection, focused on economic growth and investment that should enable stability, predictability and equally sustainability of the measures aimed at economic development, a press release issued by the American Chamber of Commerce in Romania shows.
"Reaching the 5.2 per cent economic growth target, given the constraints of observing a maximum of 3 per cent budgetary deficit calls for intensified efforts to increase the collection capacity and for a thorough implementation of the proposed investment plan," according to the same source.
AmCham states that the raise of the projected revenues of 254, 72 billion RON (56.4 billion Euro) compared to the 223, 72 billion RON (49.5 billion Euro) collected in 2016, must be based on increased budgetary revenues, avoiding any changes of the fiscal policy.
In AmCham's view it is important that the commitment to the 39,4 billion RON (8.6 billion Euro) for investments is observed, as it will have a major contribution to reducing gaps in key sectors for Romania, such as education, healthcare, infrastructure, R&D, provided it is strategically channelled.
"At the same time, we recommend that UE Funds absorption remains a central objective in the Government agenda, reflected as such in the state budget project," the press release also shows.