budget
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160m euro paid as royalties to state budget
160m euro paid as royalties to state budget
Budget starts off on the right foot
The consolidated budget situation shows 10,504.9bn ROL excess for January, following the relatively low spending level in this period, the Finance Ministry says. Revenues amounted to 61,144....
IMF wants lower budget deficit
In the wake of recent talks with the International Monetary Fund, the Nastase-led Romanian Government has set the main macroeconomic targets for this year: 5.5% economic growth, 9% inflation...
Romanian economy relies heavily on foreign loans to fund budget deficit
With a budget deficit almost 80% financed from external sources, public investment projects and soaring bills for imports funded with loans that are constantly guaranteed by the State, Roman...
Three state-owned enterprises exempt from budget dues
The National Railway Company (CFR) SA, and the companies CFR Calatori SA (railway transport of passengers) and Metrorex SA (subway transportation) will be exempt from paying some of their bu...
Budget deficit keeps at 0.7% of GDP
The budget deficit had come to account for 0.7% of GDP at the end of October, the same as in late September, yet down to about half the level in the first ten months of last year, Finance Mi...
Parliament sure to pass budget draft
The Romanian Government is not worried about Parliament's verdict on the 2004 budget draft, although the Opposition has already said it will vote against it. "The Opposition also voted again...
Parliament sure to pass budget draft
The Romanian Government is not worried about Parliament's verdict on the 2004 budget draft, although the Opposition has already said it will vote against it. "The Opposition also voted again...
Budget debate scheduled to begin on November 17
The debate over next year's State budget and Social security budget laws by the Parliament will begin on November 17. The MPs have until next week to submit their amendments to these law dra...