budget 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…

The Ministry of Public Finance (MFP) borrowed RON 990.1 million from banks on Monday through a benchmark government bond issue with a residual maturity of 60 months at an average yield of 4.29% per annum, the National Bank of Romania (BNR)…

The figures presented by the Ministry of Public Finances (MFP) reveal that the financing needs this year amount to RON 72 billion, i.e. about EUR 15 billion, so that the state would have to borrow from the domestic and international…

Fitch Ratings has affirmed Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. Romania's investment-grade ratings are supported by moderate levels of government debt, and GDP per capita and…

In 2018, the government deficit and debt of both the euroarea (EA19) and the EU28 decreased in relative terms comparedwith2017. In the euroarea the government deficit to GDP ratio fell from 1.0% in 2017 to 0.5% in 2018, and in the EU28…

The International Monetary Fund (IMF) has revised downwards the estimates regarding Romania’s economic growth to 3.1%, and expects higher inflation rate and current account deficit, according to the latest ‘World Economic Outlook’ report…

Save Romanian Union (USR) is asking for the Finance minister’s resignation, accusing him of forging the statistics of the budget deficit for 2018 by „sabotaging the national economy”. „It has been increasingly clear in the past months…

The Finance Ministry intends to borrow from the commercial banks RON 3.62 billion in April, including the additional amounts, by 46.5% more than in March, the ministry informs in a release. In March the Finance Ministry borrowed RON 2.47…

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 be…

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…