deficit

Because the state spends more than it collects in the treasury, Romania has a huge problem with the budget deficit, says the governor of the National Bank, Mugur Isărescu. Romanians do not want higher taxes or for the state to drastically…

Romania has reported a budget deficit of almost 4% (3.97% of GDP), equivalent to 62.8 billion lei. The 2023 budget is based on a 4.4% deficit, and it is evident that this target will not be achieved. According to the Ministry of…

The European Commission forecasts, in its autumn economic report for Romania, that the real GDP growth is expected to slow to 2.2% in 2023 due to high inflation limiting disposable incomes, restrictive financial conditions, and reduced…

The direct investments by non-residents in Romania decreased to 5.06 billion euros in the first nine months of this year, from 8.671 billion euros in the January-September 2022 period, according to data from the National Bank of Romania.…

Prime Minister Marcel Ciolacu declared, on Friday, in Brussels, after the meeting with the president of the European Commission, that the European executive understood the context in which Romania is and showed a "flexibility" regarding the…

Government sources told Digi24.ro that in the discussions in Brussels between Finance Minister Marcel Boloș and European Commission officials, the latter suggested that Romania increase the VAT to 21% to cover the budget gap. Another option…

The measures by which the Government wants to reduce the budget deficit are not sufficient for the targets that Romania has assumed. The message was sent to the Ministers of Finance, European Funds and Labor who went to Brussels to…

The leaders of the ruling coalition decided, in Monday's meeting, to tax multinationals that, although they have turnovers of hundreds of millions of euros, do not declare profits and avoid paying the 16% tax, political sources told Digi24.…

Romanian Prime Minister Marcel Ciolacu and the Minister of Finance, Marcel Boloș, presented a first package of measures, which would allow the budget deficit to be included in the target. It is about restructuring in the budgetary sector,…

The growing deficit of magistrates generates serious concerns, but "Romania continued to have a positive evolution in the fight against corruption", says the European Commission in the 2023 Rule of Law Report published on Wednesday. The…