01.29.2016

Romania's consolidated budget posted a deficit of 10.3 billion lei ($2.47 billion) in 2015, accounting for 1.47% of gross domestic product, below the government's deficit target of 1.85% of GDP. more

01.21.2016

Romania’s general consolidated budget switched from a surplus of 5.3 billion lei (EUR1.2 billion) or 0.76% of the gross domestic product in November 2015 to a deficit of about RON9 billion to RON10 more

07.22.2015

A 3% budget deficit is representative for crisis periods, for "the worst times," according to the Maastricht Treaty, but, in times of economic growth, the budget deficit should be close to zero, more

07.07.2015

Finance Minister Eugen Teodorovici said Tuesday that the Romanian government plans to keep the budget deficit at around 1.2% of the GDP in 2016, as agreed with the international financial more

06.24.2015

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 more

05.05.2015

Romania’s government is not worried about keeping the budget deficit within the agreed terms in the convergence program, as the results after the first quarter are very good, Finance Ministry state more

05.05.2015

The European Commission expects Romania’s budget deficit to sharply deteriorate next year due to tax cuts envisioned in the new tax code draft, the EU’s executive arm said in its spring forecast more

04.28.2015

Romania’s budget posted surplus after the first three months as the country recorded higher tax revenues, while investment expenses were cut, data from the Finance Ministry showed Tuesday. more

04.21.2015

Romania posted last year the third lowest government deficit in the European Union, of 1.5% of GDP, after Lithuania and Latvia, according to Eurostat data released Tuesday. more

12.29.2014

Romania’s consolidated budget turned to a deficit of 0.04% of the gross domestic product after the first 11 months, from a surplus of almost 0.3% of GDP at the end of October, Finance Ministry data more

12.11.2014

Romania’s consolidated budget revenues are estimated for 2015 at 226.36 billion lei (EUR51.5 billion), or 31.9% of the gross domestic product, according to the budget draft published by the Finance more

12.09.2014

Romania’s government reached an agreement with the International Monetary Fund and the European Commission on next year’s budget, which includes a potential increase of the estimated deficit to more

12.05.2014

The International Monetary Fund and the European Commission asked the Romanian government to bring next year the budget deficit to 0.9% of the gross domestic product, but the local authorities are more

11.04.2014

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 more

09.25.2014

Romania’s government deficit slightly rose to 0.24% of the gross domestic product after the first eight months, from 0.2% of GDP at the end of July, as budget spending continued its downward trend. more

08.26.2014

Romania’s government deficit narrowed to 0.2% of the gross domestic product after the first seven months, from 0.5% of GDP at the end of June, as budget spending went down. more

05.27.2014

Romania’s consolidated budget posted a deficit of nearly RON2 billion, or 0.28% of gross domestic product, in January-April 2014, from 0.14% of GDP end-March and 1.19% of GDP in January-April 2013. more

05.14.2014

Romania’s economy has likely expanded 3.5% in the first quarter, fueled by industry and domestic consumption, minister delegate for Budget Liviu Voinea said Wednesday. more

04.27.2014

Romania’s consolidated budget posted a deficit of RON900 million, or 0.14% of the gross domestic product, in the first quarter of 2014, down from 0.46% of GDP at the end of February and 0.67% of GDP more

03.26.2014

Romania’s consolidated budget posted a deficit of 3.1 billion lei (EUR693 million) in the first two months of 2014, equal to 0.46% of the gross domestic product, Finance Ministry data showed. more

02.25.2014

Romania’s consolidated budget posted a surplus of 1.5 billion lei (EUR228 million) in January, equal to 0.23% of the gross domestic product, Finance Ministry data showed. more

01.29.2014

Romania’s government managed to keep the fiscal deficit below the target agreed with the International Monetary Fund in 2013, as the budget gap stood 15.77 billion lei (EUR3.5 billion), or 2.5% of more

01.07.2014

Romania posted a budget deficit of 2.5% of the gross domestic product in 2013, while the economic growth was slightly higher than estimated, Prime Minister Victor Ponta said Monday evening. more

11.25.2013

Romania’s consolidated budget posted a deficit of 7.6 billion lei (EUR1.7 billion) in the first 10 months of 2013, equal to 1.21% of the gross domestic product, Finance Ministry data showed Monday. more

11.04.2013

The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as more