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Tag Archives: deficit

FinMin: Romania’s GDP growth is sustainable. EC: It doesn’t work in citizen’s interest

Romania’s economic growth is sustainable, given that, the investment increased by 7.5 percent last year, more than the final consumption, which grew only by 5.2 percent, Minister of Public Finance Anca Dragu said on Wednesday, attending the launching event of ...

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Budget surplus in the first month of 2016 – 0.63 pc of GDP

The general consolidated budget ended the first month of this year with a surplus of RON 4.7 billion, namely 0.63 percent of GDP, compared to RON 3.95 billion, namely 0.56 percent of GDP in the same month of 2015, according ...

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This year’s second budget rectification was approved; Deficit stops at 1.86 pc of GDP

The government approved on Friday the Emergency Ordinance on the second budget rectification in 2015, a positive correction, following which all the funds requested by state institutions were allocated, Prime Minister Victor Ponta announced in a press conference today. “If ...

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BNR: Balance of payments posted a EUR 312m deficit in five months

In January – May 2015, the balance-of-payments current account posted a deficit of EUR 312 million, 26.4 percent down from the same year-ago period, amid the widening of the secondary income surplus (by EUR 431 million) and the increase in ...

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Fin Min Teodorovici: Romania could have in 2016 a budget deficit of 1.7 pc of GDP

Romania could have in 2016 a budget deficit of 1.7% if the authorities identify compensatory measures to counterbalance the impact of the application of the new Tax Code, said on Tuesday Finance Minister Eugen Teodorovici. “If we identify all compensatory ...

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12 times lower deficit after the first four months of the year – EUR 27 M

In January – April 2015, the balance-of-payments current account posted a deficit of  EUR 27 million, compared with EUR 326 million in the same year-ago period, amid the widening of the secondary income surplus (by EUR 456 million) and the ...

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IMF’s Tolosa to Ponta Gov’t: Tax Code draft should be significantly revised

International Monetary Fund (IMF) urges the Romanian government to adjust fiscal relaxation measures in the Tax Code draft. “We believe that the government’s 2015 targets are within reach, but into next year, more needs to be done in order for the ...

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