DEFICIT
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Romania On Track To Exit Excessive Deficit Procedure
Romania has reduced its ESA95 budget deficit to 2.9% of the gross domestic product in 2012, from a gap of 5.6% a year earlier, which should allow it to exit the European Union’s excessive de...
IMF Cuts Romania’s Economic Growth Forecast To 1.6% From 2.5%
The International Monetary Fund (IMF) now expects economic growth of 1.6% for Romania in 2013, down from a 2.5% rise predicted in the autumn of 2012.
Lowering VAT On Bread Not Feasible As Romania Lacks Revenues To Offset Loss
Reducing the value added tax on bread from 24% to 9% starting 2013 would have a significant impact on the state budget and, although in theory the measure may curb tax evasion in the bread i...
Romania Runs Budget Deficit Of RON2.44B In Jan-Feb
Romania’s consolidated budget posted a deficit of 2.44 billion lei (EUR552 million) in the first two months, equal to 0.39% of the gross domestic product, Finance Ministry data showed Tuesda...
Romania’s Budget Deficit Reaches 2.5% Of GDP In 2012
Romania’s consolidated budget posted last year a deficit of 14.8 billion lei (EUR3.8 billion), representing 2.5% of the gross domestic product, the Finance Ministry said Friday.
BCR Sees Romania 2012 Budget Gap At 3.3% Of GDP, Above EU Requirement
Romania’s consolidated general budget posted a deficit in ESA95 terms of 3.3% of the gross domestic product in 2012, above the 3% of GDP limit agreed with the European Commission, according...
Romania May Exit EU’s Excessive-Deficit Procedure By June - FinMin
Romania’s harsh cost-cutting measures implemented in 2009-2011 are finally paying off and the country could exit the European Union’s excessive-deficit procedure in May or June this year, th...
Romania's Budget Deficit Widens To 1.77% Of GDP After 11 Months
Romania’s consolidated budget posted a deficit of 10.8 billion lei (EUR2.4 billion) in the first eleven months, representing 1.77% of the gross domestic product estimated for 2012, the Finan...
Romania Budget Deficit Widens To 1.8% Of GDP In November
Romania’s consolidated budget deficit widened to 1.8% of the gross domestic product at the end of November, from a gap of 1.19% of GDP a month earlier, government sources said Wednesday.