DEFICIT
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BNR: Romania's Current Account Deficit Narrows To EUR37M In January
Romania's current account deficit narrowed to just EUR37 million in January from EUR139 million in the same month a year earlier, due mainly to the increase in current transfers surplus and...
Isarescu: Romania Must Cover Social Security Budget Deficit By Creating New Jobs
Romania must cover its social security budget deficit by creating new jobs, because raising taxes will only encourage tax evasion, central bank governor Mugur Isarescu said Thursday.
INS: Romania's Trade Gap Widened To EUR9.7B In 2011
Romania’s trade deficit widened slightly to EUR9.72 billion in 2011, from EUR9.53 billion a year earlier, the country’s statistics institute INS said Thursday.
Romania Agrees To Tighter Fiscal Discipline
Heads of state and of government in the European Union have sought once again in Brussels to prove to markets that they can work together to find solutions to the debt crisis. Politicians, a...
Ruling Coalition Intensifies Populist Pressure To Raise Wages. Prime Minister Talks About “Slight Increases”
The Government is caught in the middle of electoral pressure, street protests and forecasts of an economic growth slowdown. Monday morning, with the International Monetary Fund breathing dow...
Romania Accepts EU Deficit Rules On Condition Of Being Allowed At Eurozone Member Talks
President Traian Basescu announced last night, before leaving for the European Union summit, whose main agenda is to reach agreement on deficit rules in the European Union, that Bucharest wi...
Romania 2011 Budget Gap Shrinks To 4.35% Of GDP
Romania's budget deficit narrowed to 4.35% of the gross domestic product in 2011, from 6.5% of GDP a year earlier, the Finance Ministry said Thursday.
Romania 2011 Budget Gap Narrows To 4.35% Of GDP, Below IMF Target - Sources
Romanian consolidated budget posted a deficit of 4.35% of the gross domestic product in 2011, just shy of the government’s target of 4.4% of GDP agreed with the International Monetary Fund,...
Romania's Budget Deficit Widens To 3% Of GDP In November
Romania’s consolidated budget posted a deficit of 16.9 billion lei (EUR3.9 billion) after the first 11 months, equivalent to almost 3% of the gross domestic product, a Finance Ministry offic...