Results 201 - 225 from 230 for "budget deficit"
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Inefficient Administration Causes Romania EUR1.3 Billion Losses Every Month
10.11.2011
The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it should take more
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UniCredit: Romania’s Funding Needs To Leap By 34% Next Year
10.05.2011
Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year. more
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Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast
10.03.2011
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 more
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Can A VAT Cut Be Considered When Drafting The 2012 Budget?
09.27.2011
The first discussions on the draft budget for 2012 bring about the first scenarios. The Government is due to send the draft budget for 2012 to Parliament by October 15th, at a time when economic more
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Romania Budget Deficit Widens To RON12.9B In August
09.26.2011
Romania’s consolidated budget posted a deficit of 12.97 billion lei (EUR3.01 billion) in the first eight months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Monday. more
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A Budget Deficit Close To Zero May Be Romania’s Best Defense Against International Turmoil
09.23.2011
The persistence of the crisis for several years is not an impossible scenario and it could force the Romanian government to discuss the budget deficit level again and even try to bring it down as more
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Mission-Impossible For 2012: Deficit Control In The Absence Of EU Funds
09.22.2011
There are about three weeks left until government needs to send next year’s budget to the Parliament, but the Finance Ministry still does not know what macroeconomic indicators to use in 2012 and more
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BNR Official: Budget Gap To Miss 2012 Target, Even In Best-Case Scenario
09.10.2011
Romania's budget deficit next year will exceed the target of 3% of GDP, even in an optimistic scenario in which the economy would grow by 4%, says central bank chief-economist Valentin Lazea. more
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Erste: We Financed Your Deficit Because We Had A Strategic Interest In Romania
08.16.2011
The strategic interest of Austria’s Erste Group in Romania allowed the government to get financing at good rates, says Manfred Wimmer, chief financial officer of Austrian group that controls BCR, more
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Fiscal Council Denounces Government’s Fiscal Strategy Again
08.12.2011
The fiscal-budgetary strategy does not evaluate the risks that could affect macroeconomic and budget indicators, does not specify adjustment measures and does not give reasons for personnel expense more
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Finance Ministry: 1H Budget Gap At RON11.3B, Meets IMF Target
07.25.2011
Romania’s consolidated budget posted a deficit of 11.3 billion lei (EUR2.65 billion) in the first six months, equal to 2.07% of the gross domestic product, Finance Ministry data showed Monday. more
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Boc Says Romania's Economy Will Grow 4% In 2012
07.12.2011
Prime Minister Emil Boc said Romania’s economy is expected to grow by 1.5% to 2% this year, and by 3.5%-4% next year. more
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Goods And Services Expenses Up 20%, Personnel Expenses Down 20% In May
06.28.2011
May brought a budget gap, after a slight budgetary surplus registered in April. The state’s expenditures on goods and services went up 18.2% from a year ago, to 2.4 billion lei (EUR568 million), more
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Romania Will Miss Budget Gap Target, Because Of Upcoming Elections - Piraeus
06.27.2011
Romania's Government will miss this year's budget deficit target of 4.4%, agreed upon with the International Monetary Fund, as there is a high likelihood of "fiscal slippages" before next year's more
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Romania May Budget Gap At 1.36% Of The GDP
06.27.2011
Romania’s general consolidated budget registered a deficit of 7.42 billion lei (EUR1.76 billion) at the end of May, namely 1.36% of the gross domestic product, higher than the 1.2% deficit more
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Vladescu: Romania Should Spur Growth By Raising Deficit For Infrastructure Works
06.14.2011
The only thing Romania can do to boost economic growth is to assume an additional budget gap by granting state guarantees for crucial infrastructure projects, says Sebastian Vladescu, a former finance more
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Ialomitianu: Budget Deficit Widens To RON6.7B In May
06.07.2011
Romania’s consolidated budget posted a deficit of 6.7 billion lei (EUR1.6 billion) in the first five months, equal to 1.2% of the gross domestic product, Finance Minister Gheorghe Ialomitianu said more
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A Constitutional Budget Gap Ceiling Requires Correction Measures
06.02.2011
The caps on budget deficit and public debt, proposed for introduction in the Constitution, would be an important step in rendering public finance more sustainable, but correction of potential excess more
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ING Says Romania’s Plan To Cap Deficit At 3% Of GDP Ill-timed
06.02.2011
Romania’s planned amendments to the Constitution in order to limit the consolidated budget deficit to 3% of the gross domestic product may be positive on the long run, but its immediate opportunity more
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Budget Gap Limited To 3% Of GDP - Constitution Draft
06.01.2011
Romania's budget gap may not be wider than 3% of the gross domestic product, while the public debt may not exceed 60% of the GDP, says the draft revised Constitution, published Wednesday by the more
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Romania’s Budget Posts RON829M Surplus In April
05.25.2011
Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million) in April, fueled by higher revenue, while the budget deficit for the first four months of 2011 narrowed to RON4.4 more
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EBRD Sees Romania's Budget Deficit At 4.4% Of GDP In 2011
05.20.2011
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IMF: Lowering Romania’s Budget Gap To 3% Of GDP Is Challenging
05.09.2011
Romanian authorities face a “challenging” task in reducing the budget gap to 3% of the gross domestic product under ESA95 standards in 2012, particularly since budget calculations will include the more
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UPDATE: IMF Has ‘No Doubts’ On Romania 2010 Deficit Data - Official
04.27.2011
(adds Finance Minister comments, details in grafs 11-13) more
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IMF Has ‘No Doubts’ On Romania 2010 Deficit Data - Official
04.27.2011
The International Monetary Fund has “no doubts whatsoever” on the quality of the budgetary data sent by Romania for 2010, the country’s representative to the IMF said Wednesday. more