budget
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Ruling party uses next year’s budget to secure electoral victory
The ruling party will use next year's budget to back up the ample social programme announced by the Social-Democrat Party (PSD), comprising measures needed to win over the voters for next ye...
State-secured foreign loans fuel budget arrears
Twenty-seven state-run or private companies failed to pay the instalments on the foreign loans secured by the State last year, so that the Finance Ministry was forced to pay some $460 millio...
Higher budget deficit for the sake of highways
Romania will try to get the International Monetary Fund (IMF) to agree with an increase in the general consolidated budget deficit scheduled for next year to 3.7% of GDP, one percentage poin...
Major taxpayers owe $2.15bn to state budget
The total overdue debts to the state budget registered by the major taxpayers amount to 69,400bn ROL (some $2.15bn), state secretary within the Finance Ministry Neculae Plaiasu said. The Fin...
State budget deficit high up in March
The Romanian taxpayer has got tired of paying taxes in March. The Exchequer in its turn did a poor job of collecting its dues, in spite of all those measures meant to improve collection. Thi...
IMF advises budget restraint
The 4.9% estimated growth makes Romania one of the fastest-growing countries in the entire SE Europe, yet high inflation underscores the need for budgetary restraint and structural reforms t...
Empty-handed budget
The state budget did not collect the fuel excise-related revenues in Q1 as planned. Albeit the major producers claim they are on schedule with their payments and Industry minister Dan Ioan P...
Lower revenues for state budget
The state budget in February collected 31% less than in January so that the 1,599bn ROL surplus at the end of that month had actually turned into a 3,874bn ROL deficit by late February. The...
Slimmer budget for Christmas
Slimmer budget for Christmas