BUDGET DEFICIT
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Romania Posts Budget Deficit Of RON56.46B, Or 3.55% Of GDP, YoY In January-September 2023
Romania’s general consolidated budget posted a deficit of RON56.46 billion in January-September 2023, or 3.55% of gross domestic product (GDP), as compared to a budget gap of RON41.70 billio...
Romania Posts Budget Deficit Of RON42B, Or 2.65% Of GDP, YoY In January-August 2023
Romania’s general consolidated budget posted a deficit of RON42.19 billion in January-August, 2023, or 2.65% of gross domestic product (GDP), as compared to a budget gap of RON32.98 billion...
Romania's Fiscal Council Upwardly Revises Its 2023 Budget Deficit Forecast To Over 6% Of GDP
Romania's Fiscal Council has revised its 2023 budget deficit projection upwards to over 6% of gross domestic product (GDP), in the absence of measures aimed at correcting the budget gap, as...
Romania Posts Budget Deficit Of RON37B, Or 2.3% Of GDP, YoY In Jan-June 2023
Romania’s general consolidated budget posted a deficit of RON37 billion in January-June 2023, or 2.3% of gross domestic product (GDP), higher by almost RON14 billion than the level recorded...
AmCham Romania: Fiscal-Budgetary Consolidation Measures Must Take Into Account Long-Term Economic Benefits
The American Chamber of Commerce in Romania (AmCham Romania) calls on decision-makers to pursue transparency and a long-term vision in defining the measures to reduce the budget deficit.
Romania Posts Budget Deficit Of RON37B, Or 2.3% Of GDP, YoY In Jan-May 2023
Romania’s general consolidated budget posted a deficit of RON37 billion in January-May 2023, or 2.3% of gross domestic product (GDP), as compared to a budget gap of RON21 billion in the same...
Romania Posts Budget Deficit Of RON58.70B In January-November 2022
Romania’s general consolidated budget posted a deficit of RON58.70 billion in the first eleven months of 2022, Finance Ministry data showed.
IMF Urges Romanian Govt To Take Reform Measures And Boost Taxes
The International Monetary Fund (IMF) warned the Romanian government that it must take fiscal measures and reform and boost taxes in order to rebuild the fiscal space below 3% of gross domes...
Climate, inflation, energy crisis, budget deficit, pandemic, geopolical tension and banking
As Europe started seeing what we hope is the end of the pandemic, it is confronted with an energy crisis, an inflation crisis and most recently a geopolitical crisis to threaten its very fra...