Tag: budget deficit

Before attending the discussions with the IMF officials, Berceanu announced he will ask them to raise expenses by 0.4-0.5 percent of the gross domestic product (GDP) to complete investments in infrastructure and warned Romania's economy will compress in 2010 as well if the Fund...

MFP sponged 5.77 billion lei from the market this month, 44 percent more than initially planned.Thus, the ministry aims to sell six-month securities worth 400 million lei on February 1 and to issue five-year bonds of 500 million lei on February 4.At the third...

 The estimate for 2009 is slightly more optimistic than that of the Prognosis Commission (CNP), which put the economic contraction at 7.7 percent this year, and of the International Monetary Fund (IMF), which foresees an 8-8.5 percent drop in GDP.

The European statistical bureau had previously estimated a budget deficit of 5.4 percent, in accordance with the ESA 95 European standard, which means it made a slight upward revision of this indicator. This puts Romania in third place in terms of budget deficit...

“Romania committed, within the context of the agreement with the IMF, supported by the European Union, to significantly consolidate its budget in terms of both expenses and revenues, with the purpose of narrowing the budget deficit to less than three percent of GDP ...