budget deficit

The execution of the general consolidated budget in the first eight months of 2020 registered a deficit of RON 54.77 billion (5.18% of GDP, an increase by half a percentage point of GDP compared to July), of which...

Romania recorded the largest public deficit among the EU states in 2018, according to data published by Eurostat, except for Cyprus (-4.8% of GDP last year, after +0.3% in 2016 and +1.8 % in 2017). The level of...

Analysts’ scenarios on the evolution of the exchange rate are rather prudent for the coming months, but severe for the beginning of the next year and later when the RON/euro rate could even reach 4.85. Erste & BCR...

The Government’s agenda for Wednesday also includes the draft decision to increase the foreign loans ceiling for 2019 and 2020 by EUR 4 billion, up to 31 billion, given that the previous ceiling has already been reached. The...

Minister Eugen Teodorovici is pressured by the EU to reduce the budget deficit After finding that the Government has done nothing to adjust the deviation from the structural budget deficit, the European Commission now asks Romania for an...

The Ministry of Public Finance (MFP) intends to borrow in November RON 4.74 billion, 1.4% more than in the previous month, according to the Ministry. The financing attracted in October was RON 4.675 billion, the highest level since...