DEFICIT
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Basescu: 2012 Budget Targets Deficit Of 1.9% In Cash Terms
Romanian President Traian Basescu said Thursday, after a meeting with the IMF, World Bank and European Commission delegation, that next year's budget will be built on a deficit of 1.9% of th...
What Romania Must Learn From The Sovereign Debt Crisis: Keep Public Debt Under Control
From 2005 until 2010 Greece’s public debt as a percentage of GDP grew from 100% to 150%. In less than a year, the debt went up by a further ten percent, and is currently at 160% of GDP, whic...
Tough Month For Government: How Will Romania Escape The Approaching Storm?
Romania has entered a really tough month. The government in Bucharest is faced with five major challenges amid the international turmoil. With a mission of the International Monetary Fund on...
Romania Budget Gap Widens To RON13.7B In September
Romania’s consolidated budget posted a deficit of 13.7 billion lei (EUR3.16 billion) in the first nine months, equal to 2.5% of the gross domestic product, Finance Ministry data showed Tuesd...
UniCredit: Romania’s Funding Needs To Leap By 34% Next Year
Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year.
Can A VAT Cut Be Considered When Drafting The 2012 Budget?
The first discussions on the draft budget for 2012 bring about the first scenarios. The Government is due to send the draft budget for 2012 to Parliament by October 15th, at a time when econ...
Romania Budget Deficit Widens To RON12.9B In August
Romania’s consolidated budget posted a deficit of 12.97 billion lei (EUR3.01 billion) in the first eight months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Mon...
A Budget Deficit Close To Zero May Be Romania’s Best Defense Against International Turmoil
The persistence of the crisis for several years is not an impossible scenario and it could force the Romanian government to discuss the budget deficit level again and even try to bring it do...
Mission-Impossible For 2012: Deficit Control In The Absence Of EU Funds
There are about three weeks left until government needs to send next year’s budget to the Parliament, but the Finance Ministry still does not know what macroeconomic indicators to use in 201...