## Romania: Selected Issues

_IMF Staff Country Reports, March 27, 2015_

## Source details

**Canonical URL:** [Romania: Selected Issues](https://www.imf.org/en/publications/cr/issues/2016/12/31/romania-selected-issues-42808)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/romania-selected-issues-42808/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/romania-selected-issues-42808/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/romania-selected-issues-42808/bundle-manifest.json)

## Bibliographic details
- Published: March 27, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475553116.002

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### Key findings
- Since the financial crisis, fiscal and current account deficits in Romania have been tackled, but the infrastructure deficit has widened.
- Quality public investment in infrastructure can boost domestic demand and potential GDP growth, particularly in low growth environments.
- IMF staff simulations employing the European Union’s production function methodology show significant growth benefits from higher quality infrastructure spending.
- As a result of higher investment, real GDP would increase by about 1 percent initially with the impact peaking in 2025.

### Simulations and projections
- Methodology: European Union’s production function methodology (as employed by IMF staff simulations).
- Central quantitative outcome: real GDP increases by about 1 percent initially.
- Timing: impact peaks in 2025.

### Policy implications and recommendations
- Prioritize boosting quality public infrastructure spending to:
  - Support domestic demand.
  - Raise potential GDP growth, especially in a low growth environment.
- Emphasize the quality of public investment to maximize growth payoffs rather than focusing solely on investment volume.

*Source: IMF Staff Country Report "Romania: Selected Issues" (March 27, 2015).*

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## Content in this bundle

- **Romania: Selected Issues; IMF Country Report No. 15/79; March 10, 2015**
  - [Romania: Selected Issues; IMF Country Report No. 15/79; March 10, 2015 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr1580.pdf.md){rel="alternate" type="text/markdown"}
  - [Romania: Selected Issues; IMF Country Report No. 15/79; March 10, 2015 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr1580.pdf){rel="external" type="application/pdf"}
- **ROMÂNIA: ASPECTE SELECTATE; Raport de Ţară al FMI Nr. 15/80; Martie 2015**
  - [ROMÂNIA: ASPECTE SELECTATE; Raport de Ţară al FMI Nr. 15/80; Martie 2015 (Markdown version)](/-/media/websites/imf/imported-publications/external/lang/romanian/pubs/ft/scr/2015/_cr1580r.pdf.md){rel="alternate" type="text/markdown"}
  - [ROMÂNIA: ASPECTE SELECTATE; Raport de Ţară al FMI Nr. 15/80; Martie 2015 (PDF)](/-/media/websites/imf/imported-publications/external/lang/romanian/pubs/ft/scr/2015/_cr1580r.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/romania-selected-issues-42808_