Romania will narrow budget deficit in 2015 without hiking taxes: PM Ponta

November 11, 2014 9:54 PM

9 0

Romania will narrow budget deficit in 2015 without hiking taxes: PM Ponta

BUCHAREST (Reuters) - Romania will narrow its budget deficit next year without hiking taxes, leftist Prime Minister Victor Ponta said late on Tuesday - despite having promised pension and minimum wage increases that analysts say are unsustainable.

Ponta is widely expected to win a presidential election in a Nov. 16 run-off vote against an ethnic German mayor backed by two center-right parties, trumpeting his record of easing austerity and cutting some taxes in his two years in office.

Also read: Korea's President Might Be Impeached and its Markets Are Surging

Read more

To category page

Loading...