budget deficit

In addition to the trade deficit increase, the evolution of Romania’s exports and imports in the last six years (the data for 2024 concerns only 11 months) shows changes in the share of some of the main product...

Romania’s budget deficit will amount to 8.6% of GDP in 2024 (cash methodology), according to a GEO draft published by the Ministry of Finance and adopted by the Government on Wednesday. The government raised the deficit target to...

The Ministry of Finance has made transparent the national budget structural plan for the medium term – 2025-2031, which stipulates the provision of a trajectory for the adjustment of the budget deficit for a period of 7 years,...

The written proposal, presented last week to representatives of the European Commission by the Prime Minister and the Ministry of Finance, estimates a budget reform in 2025, with the tax reform to be carried out in 2026. The...

The Ministry of Finance asked the European Commission that returning to the 3% of GDP deficit target should occur over a period of 7 years and Prime Minister Marcel Ciolacu announced on Tuesday that Romania would sign an...

A high inflation rate generally has negative effects on the economy and society by reducing the purchase power of income, discouraging saving, reducing investments, increasing production costs, but there are certain economic actors who benefit from high inflation...