FinMin: Romania Will Keep Budget Deficit Below 3% Of GDP In 2016 After Tax Cuts

06.24.2015 By Bogdan Neagu

Romania’s budget deficit will be higher than the target agreed with the international financial institutions next year, but still below the cap of 3% of the gross domestic product allowed by the European Union rules, the country’s finance minister Eugen Teodorovici said Wednesday.

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