November 22, 2017

Eurostat: Excessive deficit procedure for Romania for 2012 has been closed

The Romanian Finance Ministry (MFP) reported in a press release on Monday that the Eurostat official statistics office of the European Commission has reconfirmed that the excessive deficit procedure started against Romania in relation to the year 2012 has been closed, as the level of the general government deficit it can reports is 2.97 % of the Gross Domestic Product (GDP), below the 3 % cap provided for under the Treaty on the European Union and the protocol thereby annexed. MFP also said the average deficit figures for 2012 for the Eurozone were 3.7 % of the GDP and 3.9 % of the GDP for EU28.

Source: Actmedia (read more)

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