Romania Aims To Have Zero Budget Deficit In 2013 – President

Romanian President Traian Basescu said Thursday, in a meeting with German businesspeople, that Romania's objective is zero budget deficit in 2013.

43 views

Imaginea articolului Romania Aims To Have Zero Budget Deficit In 2013 – President

Romania Aims To Have Zero Budget Deficit In 2013 – President

"In 2010, the consolidated budget deficit was 6.5%. This year, we will have a deficit below 4.4%. The [2012] budget (…) provides a deficit of 1.9%," said Basescu.

The president added that Romania's foreign debt is not too large at 33% of the GDP, but it should be careful, as the cost of borrowing is increasingly higher.

Romania's budget deficit has risen steadily in the last few years, from 1.7% of the GDP in 2006, to 2.6% in 2007, 5.7% in 2008, 8.5% in 2009 and down to 6.4% in 2010.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.

 

The free download of the press materials (text, photo and / or video), bearers of intellectual property rights, is approved by www.mediafax.ro only within 250 signs. Spaces and URL / hyperlink are not taken into account when counting signs. The collection of information can only be done in accordance with the terms agreed and mentioned here