DEFICIT
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IMF, Romania Agree On New 2012 Budget Deficit Target
Romania and the International Monetary Fund have agreed to increase the budget deficit target to 2.2% of the gross domestic product in 2012, from 1.9% of GDP previously, IMF mission chief Je...
INS: Romania's Trade Gap Widens To EUR1.7B In First Quarter
Romania’s trade deficit widened to EUR1.69 billion in the first quarter, from EUR1.5 billion in the year-earlier period, the country’s statistics institute INS said Wednesday.
New Government To Free Up EUR400M For Consumer Spending And Drive Deficit To 2.2% Of GDP
The gradual restoration of public sector wages and paying back health insurance contributions collected from pensioners could have a negative impact of about 1.7 billion lei (about EUR400 mi...
Basescu Wants Pension, Social Security Deficits Unchanged Amid Wage Raise Plans
Keeping social security fund and pension deficits at their current levels is crucial for the upcoming period, Romanian President Traian Basescu said Sunday in a meeting with International Mo...
PM-Designate Victor Ponta Wants To Boost Wages And The Deficit Target Agreed With The IMF
Prime Minister-designate Victor Ponta said, after the “informal” talk with the joint delegation of the International Monetary Fund, the European Commission and the World Bank, that there are...
Romania 1Q Budget Gap At RON3.4B, Meets IMF Requirements
Romania’s consolidated budget posted a deficit of 3.4 billion lei (EUR776 million) in the first quarter, equal to 0.56% of the gross domestic product, Finance Ministry data showed Wednesday.
Romania Jan-Feb Current Account Deficit Widens To EUR663M
Romania's current account deficit widened to EUR663 million in the first two months from EUR251 million in the same period of 2011, due mainly to the doubling of the trade gap, central bank...
The Economist Tells Romania's Government: You’ve Got No Money To Raise Wages
Achieving the deficit target of 1.9%-2.1% of the gross domestic product in 2012 will entail a freeze in public sector wages and pensions and will not leave room for cuts in VAT or social sec...
Romania Runs Budget Deficit Of RON2.7B In Jan-Feb
Romania’s consolidated budget posted a deficit of 2.7 billion lei (EUR618 million) in the first two months, equal to 0.44% of the gross domestic product, Finance Ministry data showed Monday.