BUDGET DEFICIT
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IMF Sees Romania's Structural Deficit At 0.1% Of GDP In 2012
Romania's structural deficit will drop from 2.8% of the gross domestic product this year, to 0.1% of the GDP in 2012, thus respecting the 0.5% limit established in the latest European summit...
Eurostat Withdraws Reservation On Romania Deficit Data
Eurostat has withdrawn its reservation expressed on the quality of Romania’s data on the budget deficit for the 2007-2010 period and confirmed the October 2011 notification from the eastern...
Inefficient Administration Causes Romania EUR1.3 Billion Losses Every Month
The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it sh...
Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast
Romania’s Finance Ministry is getting ready to redo next year’s budget draft after the International Monetary Fund has announced the halving of the economic growth forecast to about 2%, and...
Erste: We Financed Your Deficit Because We Had A Strategic Interest In Romania
The strategic interest of Austria’s Erste Group in Romania allowed the government to get financing at good rates, says Manfred Wimmer, chief financial officer of Austrian group that controls...
Fiscal Council Denounces Government’s Fiscal Strategy Again
The fiscal-budgetary strategy does not evaluate the risks that could affect macroeconomic and budget indicators, does not specify adjustment measures and does not give reasons for personnel...
Boc Says Romania's Economy Will Grow 4% In 2012
Prime Minister Emil Boc said Romania’s economy is expected to grow by 1.5% to 2% this year, and by 3.5%-4% next year.
Romania Will Miss Budget Gap Target, Because Of Upcoming Elections - Piraeus
Romania's Government will miss this year's budget deficit target of 4.4%, agreed upon with the International Monetary Fund, as there is a high likelihood of "fiscal slippages" before next ye...
Romania May Budget Gap At 1.36% Of The GDP
Romania’s general consolidated budget registered a deficit of 7.42 billion lei (EUR1.76 billion) at the end of May, namely 1.36% of the gross domestic product, higher than the 1.2% deficit p...