budget deficit

Romania Mulls Widening Budget Def To 5.5% of GDP From 4.6% To Fund Infrastructure

15:52, 05 Iul. 2009
Romania will ask the International Monetary Fund to allow it to widen its budget deficit target to 5.5% of gross domestic product from the 4.6% of GDP set in the country’s stand-by loan agreement, people close to the negotiations told MEDIAFAX Sunday.

IMF Imposes Romania Performance Criterion On Budget Deficit

10:17, 11 Iun. 2009
Romania negotiated with the International Monetary Fund a budget deficit target of 24.36 billion lei (EUR1=RON4.1998) in 2009, based on RON166.72 billion revenues, not including EU funds, and RON182.72 billion primary expenditures.

EC Sees Romania’s ‘09 Budget Def At 5.1% Of GDP Vs 7.5% Of GDP In Previous F’cast

13:54, 04 Mai 2009
The European Commission revised down its forecast on Romania’s budget deficit in 2009, at 5.1% of the gross domestic product, from previously seen 7.5% of GDP, according to the Commission's economic spring forecast released Monday.

Romania’s 1Q Budget Deficit At 1.5% Of GDP – Fin Min

16:03, 29 Apr. 2009
Romania’s consolidated budget deficit was at 7.925 billion lei (EUR1=RON4.1974), or 1.5% of the GDP, after the first quarter, lower than the maximum ceiling of RON8.3 billion agreed with the International Monetary Fund, the finance minister Gheorghe Pogea said Wednesday.

Romania’s 1Q Budget Deficit At 1.56% Of GDP – Fin Min

12:53, 14 Apr. 2009
Romanian consolidated budget posted after the first three months of the year a deficit of 8.29 billion lei (EUR1=RON4.1263), or 1.56% of the gross domestic product, Finance Minister Gheorghe Pogea told a news conference Tuesday.

Romanian 2-Mos Budget Deficit At 0.63% Of GDP – Fin Min

12:07, 31 Mart. 2009
Romania’s consolidated budget posted a deficit of 0.63% of the gross domestic product in the first two months of the year, the Finance Minister Gheorghe Pogea said Tuesday.

Romania, IMF Agree On 4.6% Of GDP Budget Deficit In ’09 – Sources

20:42, 23 Mart. 2009
The International Monetary Fund delegation in Romania agreed with the Government a budget deficit of 4.6% of the gross domestic product in 2009, compared with the 2% of the GDP target included in the budget law, sources close to the talks told MEDIAFAX.

Romanian Govt Cuts Budget Expenses To Avoid Excessive Def Procedure

10:07, 17 Feb. 2009
The Romanian Government decided to cut budget expenses through an emergency ordinance, in order to keep the deficit at a low level and avoid European Commission’s excessive deficit procedure.

Romania Might Face EC’s Excessive Deficit Sanctions –PM

11:19, 10 Feb. 2009
The Romanian Government hopes that Romania won't face excessive deficit sanctions from the European Commission, though recent data indicate this is a possibility, Premier Emil Boc said Tuesday.

Budget Def Financing At Moderate Costs, Essential For Romania – Ctrl Bker

12:35, 09 Feb. 2009
Financing the budget deficit at reasonable costs is essential for Romania under the current circumstances, as even covering a low level, of 2% of the gross domestic product, may prove to be difficult, central bank governor Mugur Isarescu said Monday.

Romanian Govt Has Money For Budget Def, Doesn’t Know It – Ex PM

21:02, 29 Ian. 2009
Romania’s former prime minister Calin Tariceanu said Thursday the country’s National Fund for Development has 11 billion lei (EUR1= RON4.2314), which would enable the Executive to cover the funding deficit, adding there is enough money if the Government knew how to look for it and use it.

Romanian Ed Ministry’s Unpaid Bills Worth RON1,200B To Be Included In ’08 Budget Def

14:38, 29 Ian. 2009
The leaders of Romania’s governing coalition decided that last year’s unpaid bills worth 1,200 billion lei (EUR1=RON4.2314) belonging to the Education Ministry will not be paid from the 2009 budget, and will be included in last year’s budget deficit, people close to the matter told MEDIAFAX.

Romanian Govt To OK ‘09 State Budget Next Thursday

10:26, 22 Ian. 2009
The Romanian Government will approve the country’s 2009 state budget draft next Thursday, the vice-president of the Liberal Democratic Party PDL Gheorghe Flutur said after the meeting of the Ruling Coalition Coordination Bureau.

Romanian Pres: EC’s Forecast On ‘09 Budget Def Is Accurate If All ‘08 Laws Enforced

19:13, 20 Ian. 2009
European Commission’s estimation on Romania’s 2009 budget deficit of 7.5% of the gross domestic product is accurate if all of the 2008-adopted laws will be applied, Romanian president Traian Basescu said Tuesday.

EC Sees Romania’s ’09 Budget Def Widening At 7.5% Of GDP, From 5.25% In ’08 – 2

13:47, 19 Ian. 2009
The European Commission, or EC, forecasts Romania's budget deficit to reach 7.5% of the gross domestic product in 2009, wider than 5.25% in 2008, due to an unfunded increase in pension benefits and the full impact of the 2008 cuts in the social security contribution rate.

Romania’s ’08 Budget Deficit Almost 5% Of GDP, Govt Bills Unpaid – PM

19:49, 30 Dec. 2008
The preliminary data for 2008 show a budget deficit of almost 5% of the gross domestic product, an economic growth of 8.3% and revenue worth EUR43 billion, EUR7 billion lower compared with the budget forecast, so that many of government’s bills cannot be paid, Prime Minister Emil Boc stated Tuesday.

Romania’s ’09 Budget Def Aim Of 1.7% Of GDP Deemed Relative – Designated Fin Min

14:20, 20 Dec. 2008
Romania's budget deficit will reach, by the end of the year, 4% of the GDP, a level that needs to be significantly reduced in 2009, to 1.7% of the GDP, a somehow relative target, due to global market uncertainties, the designated Finance Minister Gheorghe Pogea said Saturday.

Romanian ’09 Budget Def May Be Set Above 3% Of GDP, On Econ Support Measures – PM

15:50, 12 Dec. 2008
Romania's 2009 budget draft has to be revised to include economic support measures and a hike in investment expenses, that could push the budget deficit above the 3% Maastricht limit of the gross domestic product, or GDP, Romania’s Pime Minister Calin Popescu Tariceanu said Friday.

Romania’s 10-Mo Budget Deficit Climbed To 1.5% Of GDP – Fin Min

16:15, 02 Nov. 2008
Romania’s general consolidated budget deficit after the first ten months rose to 1.5% of the gross domestic product (GDP), and is estimated to stay under 2% at the end of November, economy and finance minister Varujan Vosganian said Sunday.

Romania’s ’08 Budget Def To Be Kept Below 3% Of GDP – Ctrl Bker

13:32, 26 Sept. 2008
Romanian budget deficit in 2008 might be kept below 3% of the gross domestic product, or GDP, the Governor of Romanian National Bank, Mugur Isarescu said Friday, adding that he would like it to be even lower.

Romanian Budget Def To Be Revised Up, Remains At 2.3% Of GDP

15:34, 15 Iul. 2008
Romania’s general consolidated budget deficit will be increased in Wednesday revision by 842 million lei ($373.5 million), due to a higher than expected gross domestic product at the end of the year, government sources said.

Romania’s 5-Mos Budget Deficit At 0.2%-0.3% Of GDP – Fin Min

14:45, 19 Iun. 2008
Romania’s general consolidated budget posted a deficit of 0.2%-0.3% of gross domestic product in the first five months of the year, the Economy and Finance Minister Varujan Vosganian said at a seminar Thursday.

Romanian Fin Min Says ’09 Budget Def Around 2% Of GDP

14:38, 12 Iun. 2008
Romania’s 2009 budget will be constructed on a deficit of nearly 2% of gross domestic product, Economy and Finance Minister Varujan Vosganian said Thursday.

EC To Advise Romania Wed To Avoid Excessive Budget Def – Sources

15:38, 10 Iun. 2008
The European Commission will make Wednesday a recommendation to Romania to keep this year’s budget deficit below the Maastricht limit of 3% of gross domestic product, European sources told MEDIAFAX news agency.

Romania’s ’07 Budget Deficit Sixth In EU – Eurostat

16:26, 18 Apr. 2008
Romania ranked sixth in the European Union with respect for the budget deficit registered in 2007, with 2.5% of the GDP, while government spending in another 15 community states overtook income, according to data presented Friday by European statistics office Eurostat.

Romania’s Govt OKs ’07 Budget Def At 2.4% Of GDP Vs 2.7%

14:31, 19 Nov. 2007
The Romanian government has approved on Monday the budget revision which lowers this year’s general consolidated budget deficit to 2.4% of gross domestic product, from 2.7% of GDP, sources from the Economy and Finance Ministry said Monday.