BUDGET
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Standard & Poor’s Unimpressed By Romania’s Fiscal Consolidation And Low Inflation
The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as...
Romania 3Q Revenue Collection Falls Short Of Estimates
Romanian state revenue collections for the third quarter fell 4 billion lei (EUR902 million) short of expectations, Finance Ministry data showed.
Romanian Government Approves Second Budget Revision This Year
Romania’s Government on Wednesday approved the year’s second budget revision, following talks with the International Monetary Fund, Prime Minister Victor Ponta said.
Romania Raises 2013 Budget Deficit Target To 2.5% Of GDP
Romania's second budget revision this year will raise the deficit to 2.5% of the gross domestic product, from 2.3% of the GDP as estimated previously, people close to the matter told Mediafa...
Government Cuts Investments To Boost Wages, Pensions And Public Procurement
September completed the picture of a budget execution centered on fulfilling the electoral campaign obligations of the Social-Liberal Union, in total disregard for the dire need for investme...
Romania Posts Budget Deficit Of 1.3% Of GDP In January-September
Romania’s consolidated budget posted a deficit of 8.1 billion lei (EUR1.81 billion) in the first nine months of 2013, equal to 1.3% of the gross domestic product, Finance Ministry data showe...
Romania To Cut Funding For All Ministries Due To Lower-Than-Expected Budget Revenues
Romania’s Government will revise down the state budget for 2013 at this year’s second revision scheduled for end-October, as revenues are 3.8 billion lei (EUR0.85 million) lower than expecte...
Ponta: Romania To Revise Down State Budget For 2013
Romania will revise down its state budget for 2013 at this year's second budget revision, which is scheduled for end-October, Prime Minister Victor Ponta said Thursday.
State Puts More Pressure On Tax Evaders Than On Good Payers
The Romanian state’s promises and effort to bring more money to the budget ultimately translates into more pressure, though not on tax evaders, but on all those who pay their obligations to...