budget
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Next year's budget sees bigger social expenses, tight deficit
Deemed even by the ruling party members as electoral, the 2004 budget draft teems with increased social expenses. All expenses comprised under this category, pensions included, amount to 5.7...
National Bank, Finance Ministry clash over budget deficit financing
No sooner had the IMF's Board of directors voted for the first-ever completion of a stand-by agreement concluded with Romania after 1989 that a new dispute between the central bank and the F...
Finance Ministry speeds up budget
The Finance Ministry is to present a report on the main indicators used to build next year's budget during today's Government session. These indicators include a 5% economic growth, ministry...
Budget to get more revenues from indirect taxation
The Government expects revenues to the state budget to amount to 246,000 billion ROL this year, up 5,300 billion ROL from the original estimates. According to the rectified budget, the incre...
Budget for lower GDP
Romania will be unable to maintain its growth pace above 5% this year, albeit the Economic EU Pre-accession Programme had anticipated 5.2% growth that should be attained in the next three ye...
Possible budget adjustment in November
The Government is likely to operate another budget adjustment in November, besides next week's rectification, Premier Adrian Nastase said. "We are trying to use the available money to addres...
Miracle cure for state budget problems: crusade against $2-4bn tax evasion
The authorities seem to have found a miracle cure for the problems plaguing the state budget. The solution could feed money into the budget, in order to sustain a cut in salary taxes, solve...
Government, IMF talks hit deadlock on budget deficit
Romania will see through the current stand-by agreement with the International Monetary Fund in October, but only after pledging to start negotiations for a new agreement in the very same mo...
H1 budget deficit, 0.8% of GDP
The general consolidated budget deficit reached 0.8% of GDP in the first half, with the state budget, the social security budget and the health care insurance fund witnessing significant neg...