EU Warns Romania’s Budget Deficit Will Widen To 2.8% Of GDP In 2015

11.04.2014 By Bogdan Neagu

Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down following reductions of the social security contributions and the property tax, the European Commission said.

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Keywords:
EUROPEAN COMMISSION
, FORECAST
, BUDGET DEFICIT

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