Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast

10.03.2011 By Claudia Medrega

Romania’s Finance Ministry is getting ready to redo next year’s budget draft after the International Monetary Fund has announced the halving of the economic growth forecast to about 2%, and state secretary Gheorghe Gherghina says both expenditure and revenue will be cut.

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Keywords:: GDP; , GROWTH; , BUDGET DEFICIT; , EXPENDITURE; , GHEORGHE GHERGHINA; , FINANCE MINISTRY; , IMF; , EUROPEAN COMMISION

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