AmCham Romania warns new pension law poses risk for budgetary and macroeconomic imbalance
The American Chamber of Commerce in Romania (AmCham), which represents 430 companies, expressed concern in a statement today regarding the significant increase of the social security expenses that the pension law draft, recently approved by the Romanian Government, levies on the general consolidated budget.
“We believe that is mandatory for the presentation and consultations around this draft legislation with a major budgetary impact, to include information about the financing sources of the related increases, in accordance with the provisions of Public Finances Law no. 500/2002 and Fiscal Responsibility Law no. 69/2010,” AmCham writes.
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