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8 octombrie, 2024

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budget deficit

The Ministry of Finance asked the European Commission that returning to the 3% of GDP deficit target should occur over a period of 7 years and Prime Minister Marcel Ciolacu announced on Tuesday that Romania would sign an...
22 iulie, 2024
A high inflation rate generally has negative effects on the economy and society by reducing the purchase power of income, discouraging saving, reducing investments, increasing production costs, but there are certain economic actors who benefit from high inflation...
30 aprilie, 2024
The execution of the general consolidated budget in the first eight months of 2020 registered a deficit of RON 54.77 billion (5.18% of GDP, an increase by half a percentage point of GDP compared to July), of which...
5 octombrie, 2020
Romania recorded the largest public deficit among the EU states in 2018, according to data published by Eurostat, except for Cyprus (-4.8% of GDP last year, after +0.3% in 2016 and +1.8 % in 2017). The level of...
24 iunie, 2019
Analysts’ scenarios on the evolution of the exchange rate are rather prudent for the coming months, but severe for the beginning of the next year and later when the RON/euro rate could even reach 4.85. Erste & BCR...
10 iunie, 2019
The Government’s agenda for Wednesday also includes the draft decision to increase the foreign loans ceiling for 2019 and 2020 by EUR 4 billion, up to 31 billion, given that the previous ceiling has already been reached. The...
12 mai, 2019
Minister Eugen Teodorovici is pressured by the EU to reduce the budget deficit After finding that the Government has done nothing to adjust the deviation from the structural budget deficit, the European Commission now asks Romania for an...
27 noiembrie, 2018
The Ministry of Public Finance (MFP) intends to borrow in November RON 4.74 billion, 1.4% more than in the previous month, according to the Ministry. The financing attracted in October was RON 4.675 billion, the highest level since...
5 noiembrie, 2018
Last year, Romania was the EU country with the lowest public revenue related to GDP (30.5%), with the exception of Ireland (which was in a special situation due to the GDP over-estimation). According to data published by Eurostat,...
24 septembrie, 2018
  At the end of the first half of the year, the general consolidated budget registered a deficit of about RON 15 billion, an amount equivalent to 1.61% of the GDP estimated for the current year. The result...
30 iulie, 2018
Fitch Ratings confirmed on Friday Romania’s rating for long-term foreign and local currency debt at BBB-, with a stable outlook, but warned that fiscal loosening is risky for macroeconomic stability. „Romania’s investment grade rating is supported by the...
21 iulie, 2018
The general consolidated budget ended the first five months of 2018 with a deficit of -0.88% of GDP estimated for the current year, more than three times higher compared to the same period of the previous year (-0.27%...
2 iulie, 2018
The International Monetary Fund (IMF) recommends Romania a „comprehensive revision of the tax system,” according to the institution’s 2018 annual report. The recommendation has been issued in the context of the need to focus the tax policy on...
11 iunie, 2018
The Competition Council started an analysis, following the request of the Ministry of Agriculture, to establish the causes of the accelerated food price increase this month. One of the possible reasons is the increase in the budget deficit,...
27 noiembrie, 2017
The second budget amendment this year has been adopted at the government meeting on Wednesday. As the Finance Minister assures, this amendment is „positive”, the same as the first one, and followed the objective of “maintaining within the...
20 noiembrie, 2017
Regarding the EUROSTAT release on Romania’s budget deficit in the second quarter of 2017, the Ministry of Public Finance (MFP) has issued a press release explaining the European figures and assuring that the annual deficit is in line...
30 octombrie, 2017
The surplus recorded at the end of the first six months of 2017 in the centralized budget of local administrative units (in short, local budgets) climbed to the highest level in the last seven years, according to the...
31 iulie, 2017
Romania’s seasonally adjusted budget deficit was 3.2% of GDP in the first quarter of 2017. It was the second highest budget deficit in the European Union (seasonally adjusted), after France, with 3.3%, the next being Poland with -1.5%...
24 iulie, 2017
* Budget deficit, cash    Budget deficit, ESA    Structural deficit * We made a memory effort and sought to see the budget commitments for the current year. Taken directly from the source, they look like in the table below,...
18 iunie, 2017
The net wage increases generated by the unitary pay law will be neutralized, at least in the first year, by the transfer to the employee of all social contributions as of 1 January 2018. That means that much...
12 iunie, 2017

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