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[Opinion] The Esc Has Warned the Government's Project to Reduce Deficits and Warns on "the Drastic Downturn of Living Levels"

Summary by Digi 24
The Economic and Social Council has issued a negative opinion, Friday, the draft law on budgetary deficit reduction measures. Although the ESC's opinion is mandatory, it has only a consultative nature, so that the Executive may at any time adopt the legislative act...

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The Economic and Social Council has issued a negative opinion, Friday, the draft law on budgetary deficit reduction measures. Although the ESC's opinion is mandatory, it has only a consultative nature, so that the Executive may at any time adopt the legislative act...

·Romania
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The decline in the availability of resources occurs in a context of low tax revenues, and at a time when the fiscal deficit is being reduced

·Bogotá, Colombia
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The recently proposed fiscal-budgetary measures lead to a decrease in the purchasing power of all citizens and affect the stability or predictability in society, generating a negative social and economic impact on the entire society. These will have effects similar to those of the 2010s, shows the Economic and Social Council, which on Friday gave an unfavorable opinion on the fiscal package prepared by the Government.

The draft law on some fiscal-budgetary measures has received an unfavorable opinion from the Economic and Social Council (CES). The institution believes that "the proposed measures lead to a decrease in the purchasing power of all citizens and affect the stability or predictability in society."

·Romania
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Digi 24 broke the news in Romania on Friday, July 4, 2025.
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