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Tag Archives: budget deficit

AmCham Romania calls for responsibility in building the 2019 state budget

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 ...

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Fitch Ratings: Romania 2019 budget fails to lift fiscal uncertainty

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 ...

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Prognosis Commission’s forecast for 2019: GDP of RON 1,000bn, real growth of 5.5%, average RON/EUR exchange rate of 4.67

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 ...

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Erste Group warns: The EUR will reach RON 4.8 next year, political instability will hinder deficit reduction

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 ...

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

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. ...

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Commercial banks cannot loan more money to the state, BNR official says

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 ...

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