STATE BUDGET
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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...
Romanian Parliament Adopts 2019 State Budget Bill Again, Unchanged
Romanian lawmakers on Wednesday adopted the 2019 state budget bill unchanged, rejecting President Klaus Iohannis' request for reexamination.
Romanian Fiscal Council Sees 2019 Budget Deficit at 3.5% of GDP
Romania's Fiscal Council said Monday the country's budget deficit could reach 3.5% of gross domestic product this year, well above the EU limit of 3%, as the state budget is undervalued.
Romanian Parliament Adopts 2019 State Budget
Romanian lawmakers on Friday adopted the 2019 state budget with 275 to 122 votes.
Romanian Government Adopts 2019 Budget, Targets Deficit at 2.55% of GDP
Romania's government on Friday adopted the 2019 state budget, built on an economic growth projection of 5.5%, which critics said is overly optimistic, and targeting a deficit of 2.55% of gro...
Fiscal Council Says Govt's 5.5% GDP Growth Projection Is Surprising, Unwarranted
Maintaining an economic growth projection of 5.5% in 2019 especially after the emergency decree 114/2018 introducing new taxes is surprising and unwarranted, Romania's Fiscal Council said in...
Association: Banking Sector Contributed RON20B To Romania's State Budget In 2012-2016
The banking sector paid a total RON20.6 billion to Romania’s state budget between 2012 and 2016, in taxes and contributions, according to a study released Tuesday by the Romanian Banking Ass...