BUDGET DEFICIT
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Vladescu: Romania Should Spur Growth By Raising Deficit For Infrastructure Works
The only thing Romania can do to boost economic growth is to assume an additional budget gap by granting state guarantees for crucial infrastructure projects, says Sebastian Vladescu, a form...
A Constitutional Budget Gap Ceiling Requires Correction Measures
The caps on budget deficit and public debt, proposed for introduction in the Constitution, would be an important step in rendering public finance more sustainable, but correction of potentia...
ING Says Romania’s Plan To Cap Deficit At 3% Of GDP Ill-timed
Romania’s planned amendments to the Constitution in order to limit the consolidated budget deficit to 3% of the gross domestic product may be positive on the long run, but its immediate oppo...
Budget Gap Limited To 3% Of GDP - Constitution Draft
Romania's budget gap may not be wider than 3% of the gross domestic product, while the public debt may not exceed 60% of the GDP, says the draft revised Constitution, published Wednesday by...
EBRD Sees Romania's Budget Deficit At 4.4% Of GDP In 2011
EBRD estimates Romania will post a budget deficit of 4.4% of the gross domestic product in 2011, narrower from 6.4% of GDP a year earlier. For 2012, Romanian authorities plan to cut the defi...
IMF: Lowering Romania’s Budget Gap To 3% Of GDP Is Challenging
Romanian authorities face a “challenging” task in reducing the budget gap to 3% of the gross domestic product under ESA95 standards in 2012, particularly since budget calculations will inclu...
UPDATE: IMF Has ‘No Doubts’ On Romania 2010 Deficit Data - Official
(adds Finance Minister comments, details in grafs 11-13)
IMF Has ‘No Doubts’ On Romania 2010 Deficit Data - Official
The International Monetary Fund has “no doubts whatsoever” on the quality of the budgetary data sent by Romania for 2010, the country’s representative to the IMF said Wednesday.
Termoelectrica, CFR Losses May Widen Romania's 2010 Budget Gap To 6.9% Of GDP
Romania’s budget deficit for 2010 will be recalculated to include the financial results of money-losing companies Termoelectrica and CFR Infrastructura, state secretary Gheorghe Gherghina sa...