Fin Min Teodorovici announces budget deficit in ten months: 2.2% of GDP

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Finance Minister Eugen Teodorovici has said on Tuesday, during a press conference, that the budget deficit registered at the end of October was of 2.2% of GDP and that Romania will met the level of 3% of GDP this year.

The value of the deficit is RON 21 billion, the minister added.

Teodorovici said Romania will meet the deficit target, thus there is no risk of entering into the excessive deficit procedure.

 

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