state budget deficit

About 80% of CFA experts anticipate a fall in the prices of residential properties in large cities (no opinion of price increases was recorded), while more than 83% of participants consider these prices to be overvalued (none of the survey…

The general consolidated state budget ended the first five months of this year with a deficit of 1.4% of Gross Domestic Product (GDP), respectively RON 14.7 billion, the most significant negative balance of the past 8 years. Given that…

The Ministry of Public Finances (MFP) borrowed RON 500 million on Monday from commercial banks through a benchmark government bond issue with a residual maturity of 115 months, at an average yield of 4.63% on year, the National Bank of…

The consolidated state budget deficit in the first four months of the year is of RON 11.4 billion, i.e. 1.11% of the estimated GDP for 2019. The outcome is by 70% weaker than in the same period last year, when the deficit was 0.65% of…

In early 2018, the number of companies in distress reached 51% of the overall number of companies with impact, reversing for the first time the balance between healthy companies and companies in distress, a survey released on Thursday by…

The Finance Ministry intends to issue bonds in EUR and RON worth more than EUR 1.1 billion in May, the prospectus published by the Official Gazette on Friday reveals. “In view of funding the state budget deficit and of refinancing the…

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 billion (0.58% of…

The Finance Ministry has borrowed on Monday RON 334.1 million from commercial banks, with an interest rate of 4.5% per annum, in a state bond issue with residual maturity of 86 months. According to National Bank of Romania (BNR) figures,…

The Finance Ministry has attracted on Tuesday RON 65 million from commercial banks, in addition to the amount borrowed on Monday of RON 690 million, through a bond issue due in 66 months, with a yield of 4.82% per annum, the National Bank…

The state budget faces the risk, more than ever, to conclude the budget deficit above the threshold of 3% of the GDP, as the budget execution reveals increasing expenditures and revenues below expectations, the Chairman of the Fiscal…