budget deficit

Romania will enter an excessive deficit procedure, most probably in March, the interim Finance minister Florin Citu has announced. The minister blamed the former PSD ruling for that, explaining that it was the expenses and loans of the…

The upward trend in business insolvencies continued in 2019 for the third time in a row: +9% y/y, according to Euler Hermes Global Insolvency Index, which covers 44 countries that account for 87% of global GDP This year, business…

Romania has reported a budget deficit of 4.6% of GDP in 2019, according to the preliminary budget execution released by the Ministry of Finance, which means the deficit is 0.2 pc higher than the one estimated through the rectification last…

The year 2020 is critical for the budget construction during the 2020-2022 periods. The way of applying the pension law in 2020 has a decisive role for the 2021 budge, according to the preliminary opinion of the Fiscal Council on the State…

The Gov't rejected USR, ALDE's amendments to the Budget ceiling Law on the 2020 budget deficit, a bill on which the Cabinet is taking responsibility in Parliament today. According to the Government draft law, a budget deficit of 3.6% is…

New Romanian PM Ludovic Orban has stated on Friday that the budgetary deficit is actually higher than 2.8% of GDP. "We have been on the minimum level of investments in the past 10 years, we reached a historical low of public investments…

The execution of the general consolidated budget has closed the first nine months of 2019 with a deficit of RON 26.97 billion, meaning 2.6% of the GDP, according to the latest operative data release by the Ministry of Finance. The budget…

The budget rectification will take place on July 31, until then Finance Minister Eugen Todorovici must carry out an analysis regarding the measures to be made by year-end in order to meet the 3% budget deficit target, political sources say.…

Finance Minister Eugen Teodorovici says the budget deficit of 1.4% of GDP has been estimated early this year, suggesting on the other hand that the high number of employees with the ministries and state companies contribute to the deficit.…

Finance Ministry Eugen Teodorovici said on Tuesday the Government has money for investments, expenditures on wages and pensions this year, adding however that if a public expense may be adjusted, this should be done. Asked if the paper…