budget deficit

Romania reported a budget deficit of 1.71% of GDP in the first half of the year, being lower by 1.15 percentage points compared to the similar period in 2021, according to data from the Ministry of Finance. In terms of value, it amounts to…

The prolonged political crisis has unfavorable consequences for the investment climate, and the beginning of 2022 is announced to be a period characterized by overlapping shocks in the supply and production chains, already felt in industry,…

After Fitch Ratings had warned that the dissolution of the ruling coalition in Bucharest might disrupt the fiscal consolidation efforts, Romanian PM Florin Cîţu assured that the reform programme is moving on and that Romania has higher…

The Foreign Investors Council (FIC) has asked the lawmakers to ensure a budget structure that should guarantee the economic recovery, after the plenary session of the Parliament in Bucharest had voted the increase of pensions and of the…

The execution of the general consolidated budget in the first seven months of 2020 has reported a deficit of 49.68 billion RON (4.7 pct of the GDP), according to data published by the Ministry of Public Finance on Wednesday. After the…

The general budget discharge for the first six months of 2020 has reported a deficit of RON 45.17 billion (4.17% of GDP), according to the latest statistics released by the Ministry of Public Finances on Tuesday. According to some…

Finance minister Florin Cîțu has revealed the budget rectification draft to be adopted in the government sitting today. According to the first budget rectification enforced in response to the Coronavirus crisis, the budget deficit increases…

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…