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flag Romanian presidential candidate proposes spending cuts over tax hikes to tackle budget deficit.

flag Romania's presidential candidate, Nicușor Dan, proposes cutting public spending rather than raising taxes to reduce the budget deficit. flag However, his advisor warns that tax increases are likely due to the country's high deficit. flag S&P Global has warned that ineffective policymaking post-elections could lead to a downgrade in Romania's credit rating. flag The country is under pressure from the EU to submit a fiscal consolidation plan to address its deficit.

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