BUDGET DEFICIT
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Romania Runs RON1B Budget Surplus In January
Romania’s consolidated budget posted a surplus of 1 billion lei (EUR228 million) in January, equal to 0.17% of the gross domestic product, Finance Ministry data showed Monday.
Ponta: Romania Budget Gap Widens Slightly To 1.2% Of GDP In October
Romania’s consolidated budget posted a deficit of 1.2% of the gross domestic product at the end of October, modestly wider from a gap of 1.18% a month earlier, Prime Minister Victor Ponta sa...
BCR: Romanian Government May Overshoot 2012 Deficit Goal
The Romanian government may overshoot its budget deficit target by around 0.8 percentage points because of the upcoming parliamentary elections this fall, according to estimates from the cou...
Government Pledges To Hold Steady Against Pressure To Relax Fiscal Discipline
Romania’s Government pledged to resist pressure to relax fiscal discipline ahead of parliamentary elections to be organized this fall, as well as to ensure strict discipline of local governm...
Romania Runs Budget Deficit For Third Straight Month In April
Romania’s consolidated budget posted its third consecutive monthly deficit in April, despite a record growth in revenue, official sources said Friday.
Politicians Play Ping Pong With Public Sector Workers’ Wage Raises
High officials are tossing the issue of increasing public sector wages back and forth, while the Romanian currency is depreciating and rating agencies warn that a prospective increase in the...
Quicker Payments To Budget Saved First-quarter Deficit Figures
The spectacular rise of collection from the corporate tax and the higher amount attracted to the budget in March from individual income taxes contributed to the rise of budget revenues by 16...
Budget Deficit Target Already Under Threat As Public Debt Is Rising Fast
Romania's budget deficit in the first two months was the same as in 2011, while public debt continued to rise fast because of the Finance Ministry's policy to borrow aggressively from market...
Boc: Romania Posts 2% GDP Growth In 2011, Budget Deficit Below 4.4% Of GDP
Romania posted an economic growth close to 2% in 2011 and it has kept the budget deficit below the target of 4.4% of the gross domestic product, Prime Minister Emil Boc said Wednesday.