Convergence Program: Rise In Pension Costs, With Peak Of 14.4% Of GDP In 2053, Puts Strain On Medium, Long Term Debt

05.25.2020 By Ecaterina Craciun

Romania’s Finance Ministry has drawn attention, in the Convergence Program for 2020, on an estimated increase in pension costs in coming years, against the backdrop of ageing population and the indexation of the pension point and recalculation based on a new formula envisaged for 2021.

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Keywords:: convergence program; , pensions; , expenses; , debt

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