budget deficit

Last year, Romania was the EU country with the lowest public revenue related to GDP (30.5%), with the exception of Ireland (which was in a special situation due to the GDP over-estimation). According to data published by Eurostat,...

  At the end of the first half of the year, the general consolidated budget registered a deficit of about RON 15 billion, an amount equivalent to 1.61% of the GDP estimated for the current year. The result...

Fitch Ratings confirmed on Friday Romania’s rating for long-term foreign and local currency debt at BBB-, with a stable outlook, but warned that fiscal loosening is risky for macroeconomic stability. „Romania’s investment grade rating is supported by the...

The general consolidated budget ended the first five months of 2018 with a deficit of -0.88% of GDP estimated for the current year, more than three times higher compared to the same period of the previous year (-0.27%...

The International Monetary Fund (IMF) recommends Romania a „comprehensive revision of the tax system,” according to the institution’s 2018 annual report. The recommendation has been issued in the context of the need to focus the tax policy on...

The Competition Council started an analysis, following the request of the Ministry of Agriculture, to establish the causes of the accelerated food price increase this month. One of the possible reasons is the increase in the budget deficit,...