budget deficit

* 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
The consolidated general budget ended the first four months of 2017 with a small surplus of 0.17% of the estimated GDP for the current year, according to data released by the Ministry of Finance. Compared to the same...
4 iunie, 2017
„The bad news is that the economy cannot grow sustainably by 5% based only on monetary, fiscal and salary stimuli,” said Valentin Lazea, Chief Economist of the National Bank of Romania (BNR), quoted by Agerpres. There might also...
29 mai, 2017
  * Romania’s quarterly gross GDP between 2000-2017 (seasonally adjusted data) Source: INS * The unexpectedly high GDP growth in the first quarter, at 5.7% y-o-y, induces analysts’ worries about its unsustainability, which has already caused a deterioration...
21 mai, 2017
The European Commission (EC) revised downward the estimate of Romania’s economic growth in 2017, to 4.3%, according to the spring economic forecast released on Thursday. The winter forecast showed a GDP growth of 4.4%. The growth estimate for...
15 mai, 2017
Foto: Valdis Dombrovskis (left) and Pierre Moscovici The Vice-President of the European Commission Valdis Dombrovskis and the Commissioner for Economic and Financial Affairs Pierre Moscovici sent the Minister of Finance, Viorel Stefan, a letter stating that by the...
5 martie, 2017
Romania might register in 2017 an economic growth slowdown to 3.6% from the 2016 estimate of 5%, and a budget deficit of 3.3% based on the ESA methodology, said Maximilien Lambertson, analyst with The Economist Intelligence Unit (EIU) for Agerpres....
12 februarie, 2017
The country’s financing needs for this year is around 9% of GDP, which is sustainable, given that „Romania has a good macroeconomic image,” said Wednesday Liviu Voinea, Deputy Governor of the National Bank of Romania (BNR), at „The...
24 ianuarie, 2017
Prime Minister Sorin Grindeanu said on Sunday evening on Romania TV that the budget deficit in 2017 will fall within the set target of 3%, the economic growth will exceed 5%, GDP will exceed 800 billion lei and...
20 ianuarie, 2017
The social security spending increased over the ten years of EU membership by slightly more than two percent of GDP and about a quarter of the allocations for pre-accession, all in relation to the country’s economic outcome. This...
19 ianuarie, 2017
Romania and Poland „have a very limited room for manoeuvre in the tax area” – if needed, in case that the budget deficit would exceed the 3% threshold, estimate the analysts from Erste Group Research, within an analysis...
21 decembrie, 2016
The salary increases recently adopted by the Parliament will cause the increase of Romania’s budget deficit to about 3.5% of GDP in 2017, well above the International Monetary Fund’s (IMF) recommendation of 2% of GDP, which could result...
10 noiembrie, 2016
Prime Minister Dacian Ciolos declared on Tuesday his dissatisfaction that the Parliament votes on various social benefits without a minimal calculation of the budget impact. The Prime Minister announced that the last parliamentary decisions costs 9 billion lei...
1 noiembrie, 2016
Premierul Dacian Cioloș și-a declarat marți nemulțumirea legată de faptul că Parlamentul votează diferite beneficii sociale fără un minim calcul de impact bugetar. Premierul a anunțat că ultimele decizii parlamentare costă bugetul 9 miliarde de lei, impact bugetar...
1 noiembrie, 2016
A recent statement of the Governor of the central bank has sparked heated public discussions. Mr. Mugur Isarescu said that Romania’s macroeconomic situation in the last 26 years has never been better than now, neither were the risks...
25 octombrie, 2016

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