Tag Archives: budget deficit

Standard & Poor’s rating agency estimates Romania’s budget deficit this year at 3.3% and next year at 3.5%, above the 3% of GDP target, due to wage and pension spending, as well as to other budget expenditures. These levels will ...

The latest version of the 2019 budget provides higher spending by more than RON 2 billion, as following the introduction of child allowances the deficit increases, according to the Ministry of Finance, to 2.76% of GDP. However, the Fiscal Council ...

The Parliament has voted for the increase of the child allowances on Thursday night in a extremely heated plenary session. The amendment that doubled child allowances in Romania from RON 84 to RON 150 has been filed by Liberal deputy ...

In the context of the current debates on State Budget Planning for 2019, AmCham Romania reiterates its call for responsibility in budget planning and signals the vulnerabilities and risks presented by the draft budget, in an analysis elaborated by members ...

Romania’s draft 2019 budget targets a reduction in the budget deficit, but is based on optimistic assumptions and fails to clarify uncertainty over the new bank tax, Fitch Ratings says The budget published by the Ministry of Public Finance on ...

The new economic forecast from the National Prognosis Commission (CNP) for 2019, released on Wednesday, points to an investment growth of 6.9%, down from 7.9% previously. A lower number of employees is considered, of 5.282 million, down from 5.335 million ...

The Coalition for Romania’s Development (CDR), representative for the business environment, has issued a communique warning that the avalanche of the fiscal-budgetary decisions announced Tuesday evening will have significant impact on the entire economy, it is unacceptable and is the ...

The difficult fiscal situation, lower economic growth and the deepening of external deficits will depreciate the national current against the EUR next year to almost 4.8 units, Erste Group warns. “The occasional episodes of aversion to risk worldwide and/or the ...

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. ...

Romania has no more room to increase the debt by accumulating budget deficits, given that the maximum level that the local economy can sustain is 40-45% of GDP at the most. The local banking system, the largest financier of the ...