BUDGET DEFICIT
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Romania's Budget Gap Widens to 2.48% of GDP in Jan-Apr
Romania's general consolidated budget posted a deficit of RON26.28 billion, or 2.48% of the gross domestic product, in January-April 2020, more than half of which was due to tax facilities a...
Romania's Budget Gap Triples in 1Q/2020 to 1.67% of GDP
Romania's general consolidated budget posted a deficit of RON18.06 billion, or 1.67% of the gross domestic product in the first quarter of 2020, compared with a deficit of RON5.477 billion,...
Romania's Budget Gap to Widen to 6.7% of GDP in 2020, Fin Min Says
Romania's finance minister Florin Citu said Wednesday the country's budget deficit will reach 6.7% of the gross domestic product this year and the country's prognosis commission expects the...
European Commission Sees Romania’s Budget Deficit Widening To 6.1% Of GDP In 2021
Romania’s budget deficit is expected to climb to 4.4% of the gross domestic product (GDP) in 2020 and to 6.1% in 2021 following pension increases, the European Commission noted in its 2020 c...
Romania Must Negotiate Lowering Its Budget Gap Without Hindering Growth
Romania's finance minister Florin Citu said Thursday the country's budget deficit would go back below the 3% of GDP limit in 2022 and Romania needs to negotiate its deficit lowering speed wi...
Romania Posts Budget Deficit of 4.6% of GDP in 2019, Says Finance Minister
Romania's consolidated budget posted a deficit of 4.6% of the gross domestic product in 2019, wider than the government's estimate of 4.4%, finance minister Florin Citu said Tuesday.
Romania's Government Sees 2020 Budget Deficit at 3.6% on Higher Revenues, Lower Spending
Romania's 2020 budget includes total spending of RON399.22 billion (35.4% of GDP), revenues of RON358.59 billion (31.8% of GDP) and a cash deficit of 3.6% of GDP, according to the government...
UniCredit Bank Sees Romania’s GDP Growth At 4.2% In 2019
Romania's gross domestic product (GDP) is expected to grow 4.2% in 2019 and 2.6% in 2020, against the backdrop of increased activity in the construction sector and of a laxer fiscal policy,...
Romania's Liberal Government Seeks to Revise 2019 Budget by End-November
Romania's new liberal government is working on a budget revision draft to be adopted by the end of November, prime minister Ludovic Orban said late Thursday.