DEFICIT
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Isarescu: Raising Deficit, Not The Right Way To Support Economic Growth
Romania’s economy has been hit hard by the government’s fiscal consolidation program and by the deleveraging process of foreign banks, but raising the public deficit is not the right strateg...
Romania Budget Deficit Narrows To RON7.6B In January-October
Romania’s consolidated budget posted a deficit of 7.6 billion lei (EUR1.7 billion) in the first 10 months of 2013, equal to 1.21% of the gross domestic product, Finance Ministry data showed...
INS: Romania's Trade Deficit Narrows To EUR4.2B In First 9 Months
Romania’s trade deficit shrank 42.4% to EUR4.16 billion in the first nine months of 2013, as imports declined while exports increased, official data showed Monday.
IMF: Romania To Take Steps To Boost Revenues, Accommodate Wider Deficit
Romania has committed to a series of economic and fiscal measures to increase revenues and accommodate a wider-than-expected budget deficit in 2014, an official of the International Monetary...
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 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...
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 Budget Deficit Widens To RON7.92B In January-August
Romania’s consolidated budget posted a deficit of 7.92 billion lei (EUR1.77 billion) in the first eight months of 2013, equal to 1.27% of the gross domestic product, Finance Ministry data sh...
Romania Pledges Action To Rein In Deficit, Increase Revenue
The Romanian government has pledged to take additional measures to keep the country’s budget deficit below 2.3% of the gross domestic product this year following lower-than-estimated revenue...