EXCESSIVE DEFICIT
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Vasilescu (BNR): Wage Hikes For Health, Education Staff Could Take Romania Back To 2008
The salary increases for the health and education staff recently approved by the Parliament’s labor and budget committees could take Romania back to 2008, when the Parliament gave with one hand and took away with the other, said Adrian Vasilescu, adviser to th...
Impact Of Public Sector Wage Bill On Budget At RON4.8B, Romania Risks Excessive Deficit - FinMin
Finance Minister Anca Dragu said Tuesday that the budget deficit is estimated to exceed 3% of the GDP, referring to the bill on public sector wages, unless other expenses are cut.
EU Removes Romania From Excessive Deficit Procedure
The European Union Council Friday has closed excessive deficit procedures for Romania, confirming that the country has reduced its budget deficit below 3% of the gross domestic product, the...
EU Says Romania Should Be Removed From Deficit Procedure
The European Commission Wednesday recommended Romania be removed from the list of countries with excessive deficits in light of the country’s progress in lowering the budget gap below the bl...
EC Vice-President: Romania Meets Conditions For Excessive Deficit Procedure Repeal
Romania meets conditions for repealing the excessive deficit procedure, with the budget deficit sliding below 3% of the gross domestic product in 2012 and likely to stay below that ceiling i...