November 21, 2017

Budget deficit target raised to 2.5% of GDP

The finance ministry said that the Romanian government plans a second revision of the 2013 state budget in order to raise its budget deficit target to 2.5% of GDP from the current 2.3% of GDP. The 0.2 % increase of the planned budget gap reflects the need to provide co-financing to EU-funded projects, the finance ministry said in a statement. The budget revision has been agreed with the International Monetary Fund (IMF) and the European Commission, it added.
Source: Balkans.com (read more)

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