DEFICIT
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Romania's Budget Gap at 1.81% of GDP in Jan-Apr
Romania's general consolidated budget posted a deficit of RON20.7 billion in January-April, or 1.81% of the gross domestic product, lower compared with RON26.8 billion, or 2.54% of GDP, in t...
Romania Approves Third Budget Revision Of 2020
The Romanian Government has approved the third budget revision of 2020, which is built on an economic contraction of 4.2% and a nominal gross domestic product (GDP) of RON1,050 billion.
Romania Posts Current Account Gap of EUR1.782B in Jan-Apr
Romania's current account balance posted a deficit EUR1.782 billion in January-April, compared with a deficit of EUR2.258 billion in the same period in 2019, central bank data showed Monday.
Sergiu Manea, BCR CEO: One Of The Goals Is Avoiding Romania’s Rating Downgrade
A downgrade of Romania’s rating to junk would cause a chain reaction, so the government should do everything in its power for the rating agencies not to downgrade Romania’s rating, believes...
Romania Will Need to Borrow at Least EUR26B in 2020
The coronavirus crisis has raised expenses and cut revenues to the state budget and Romania will need to borrow at least EUR26 billion to finance its budget deficit and external debt.
Survey: Romania Risks Collapsing Like A Sandcastle On Lack Of Concrete Solutions To Coronavirus-led Crisis
The Romanian economy risks collapsing like a sandcastle, as the authorities delay coming up with concrete solutions to the unprecedented crisis caused by the coronavirus pandemic, according...
Analysts: Romania Risks Overshooting 5% Budget Deficit Threshold In Coming Years
Romania’s 2020 state budget is optimistic, which significantly increases the risk of reaching a 5% government deficit, in the coming years, if the current pension increase calendar is mainta...
Fiscal Council On 2020 Budget: Deficit Seen At 4.6-4.8% Of GDP, 1% Higher Than Finance Ministry’s Target
Romania's Fiscal Council said Thursday in its stance on the state budget law and social security budget law for 2020 that the budget deficit is expected to reach 4.6-4.8% of gross domestic p...
Romania's Current Account Gap Widens to EUR9.9B in Jan-Nov
Romania's current account balance posted a deficit of EUR9.924 billion in the first 11 months of 2019, compared with a deficit of EUR8.205 billion in the same period of 2018, central bank da...