fiscal deficit

Romania’s government has passed a first revision of the 2019 budget in response to its widening fiscal deficit. Effective measures are needed given the country’s pro-cyclical fiscal policies and the upward trajectory of public debt, says…

Macroeconomic imbalances have deepened in Romania, the current account and fiscal deficits have deepened, inflationist pressures are increasing and, if the policies do not change direction, the country could face revenues decrease which…

The Romanian economy is projected to continue to grow above potential in 2018. GDP will likely expand by around 5.1 percent in 2018, driven by the fiscal stimulus and aided by a resurgent EU, says a new World Bank (WB) report. Continued…

The financial evaluation company Standard & Poor's (S&P) maintains Romania's rating at BBB-/A-3, with a stable outlook, due to country's moderate external and government debt, amid strong growth prospects. ”However, we estimate…

Fitch Ratings has affirmed Romania's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'. The Outlooks are Stable. Romania's investment-grade rating is supported by moderate levels of public debt, and GDP per…

The macro-economic tensions which surfaced given the GDP growth over its potential and the over-indebtedness of the population, as interest rates are expected to be increased, are the main risk factors, the National Bank of Romania ‘Report…

During the monetary policy meeting of the National Bank of Romania (BNR) Board on 3 July 2017, several members referred to the set of measures that would likely accompany the implementation of the unified wage law, designed to alleviate its…

On April 7, 2017, S&P Global Ratings affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Romania. The outlook is stable. "Romania's fiscal and external deficits are increasing on the…

Japan Credit Rating (JCR) Agency has affirmed the maintaining of stable outlook and reconfirmation of country rating for Romania (BBB/BBB +) long-term debt in foreign and local currency, as a press release informs. “The ratings are…

The perspectives of medium-term growth, low government debt level and the decrease in fiscal deficit support the ‘Baa3’ rating, with stable outlook, assigned to Romania and counteract the challenges such as poor quality of banking assets,…