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Tag Archives: expenditures

Budget deficit of 0.51% of GDP in the first two months

The general consolidated budget went on deficit in the second month of this year, with the execution in the first two months showing a deficit of RON 5.2 billion (0.51% of GDP), down against the negative balance of RON 5.5 ...

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Gov’t approves second budget rectification this year. RON 9.5bn additional revenues, higher expenses by RON 10.7bn

The Government has approved on Friday the second budget rectification this year, with additional RON 9.5 billion in revenues and RON 10.7 billion in expenses, Finance Minister Eugen Teodorovici said at Victoria Palace. “Budget rectifications are made in order to ...

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AmCham Romania warning for the Gov’t: The implementation of the investment plan is not a priority this year as well

The analysis of the budgetary execution in the first 9 months of 2018 indicate that the implementation of the investment plan is not a priority this year as well. At the beginning of the current budgetary exercise AmCham Romania was ...

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Budget deficit down to 1.26pc of GDP in 7 months

The execution of the consolidated state budget deficit in 7 months has concluded with a deficit of RON 11.9 billion, i.e. 1.26% of the GDP, down against RON 14.97 billion, i.e. 1.61% of the GDP in H1, the figures released ...

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Finance Ministry’s budgetary execution, far from the Gov’t optimism

A report by the Finance Ministry, released on Thursday, reads that the EU funds for Romania in Q2 were lower by RON 3.18 billion, which prevented reaching the level of revenues planned by the Government earlier this year. The revenues ...

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Budget deficit could reach 3.5pc of GDP, Fiscal Council President warns

The budget deficit for the first five months of the year is very high, due to increasing expenditures, whereas if not decisions are made, by year-end it will reach 3.5-3.6%, Fiscal Council President, Ionut Dumitru, has warned on Friday. “We ...

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Update: Budget deficit up to 0.88pc of the GDP in five months, five times higher in nominal terms. Fiscal Council pulls the alarm signal

The Finance Ministry has released the execution of the consolidated state budget, with the figures revealing a higher deficit, up to 0.88% of GDP in May, against 0.65% of GDP in April. In the first five months of 2017 Romania ...

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BVB – RON 4m net profit in Q1

The Bucharest Stock exchange Group (BVB) registered in Q1 a net profit of RON 4.03 million, up by 42% against the one during the same period last year, resulting in a 93% share from the group’s transaction segment, a report ...

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