DEFICIT TARGET
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Romania Freezes Public Sector Wages to Cut Budget Deficit to 7% in 2021
Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a deficit of 9.8% in 2020, based on a GDP growth projection of 4.3%.
Romania Targets 7% Budget Deficit in 2021
Romania's government targets a budget gap of 7%-7.1% of the gross domestic product in 2021, prime minister Florin Citu said Monday, adding the budget bill would be published in the upcoming...
Romanian Government Revises 2020 Budget Gap Target to 8.6% from 6.7%
Romania's government has revised its budget deficit target for 2020 to 8.6% of the gross domestic product from a previous projection of 6.7% of GDP, finance minister Florin Citu told a news...
Romanian Lawmakers Amend Law to Raise 2019 Deficit Target to 2.76% of GDP
Romania's lower chamber of Parliament on Friday adopted an amendment to the national law capping the budget deficit to raise the deficit target to 2.76% of gross domestic product for 2019 fr...