FISCAL COUNCIL
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Fiscal Council Says New Budget Coordinates Are Compatible With Budget Deficit Of 8.4% Of GDP In 2025
Romania's Fiscal Council believes the new budget coordinates, following the revision proposed by the Government, are compatible with a budget deficit of around 8.4% of gross domestic product (GDP) in 2025, and the revenue target can be considered plausible, on...
Fiscal Council Sees Romania Ending 2024 With 8% Cash Budget Deficit
The Fiscal Council reiterates the estimate that Romania will end 2024 with a cash budget deficit of around 8% in its Opinion on the draft of the first revision of the state budget, saying th...
Romania’s Fiscal Council: Budget Gap Likely to Top 7% of GDP in 2024
The first half of 2024 brought a series of moves with a negative impact over the budgetary execution and, amid the lack of fiscal-budgetary consolidation moves, the gap is likely to go beyon...
Romania's Fiscal Council Upwardly Revises Its 2023 Budget Deficit Forecast To Over 6% Of GDP
Romania's Fiscal Council has revised its 2023 budget deficit projection upwards to over 6% of gross domestic product (GDP), in the absence of measures aimed at correcting the budget gap, as...
Fiscal Council: Romanian State-Run Companies End 2020 With Total Net Profit Of RON900M
The profitability of Romanian state-run and private companies, exclusively the ones in the financial sector, has improved in 2020, but the financial results were decisively impacted by the m...
Fiscal Council Head Says National Recovery And Resilience Plan Means 14% Of GDP For Romania
The National Recovery And Resilience Plan means 14% of the gross domestic product for Romania and absorbing half of the money allotted through the resilience plan could boost investments in...
Fiscal Council: Govt’s Revised Scenario Of 4.2% GDP Decline Seems More Optimistic Relative To Economic Evolution, Pandemic
Romania’s Fiscal Council says the macroeconomic scenario revised by the government, which envisages an economic contraction of 4.2% in 2020 and, despite being more adequate than the previous...
Fiscal Council: Romania's Public Debt to Top 50% of GDP in 2021
Romania's public debt is seen accelerating sharply in 2020-2021, to over 50% of the gross domestic product in an optimistic scenario, and over 55% of GDP in a pessimistic scenario, the Fisca...
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...