budgetary deficit
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ZF English
The state is keeping a tight lid on the budgetary deficit
The Finance Ministry has so managed to keep the budgetary deficit under control, with the gap widening by almost one percentage point to around 6% in GDP (30bn RON) in November, according to Finance Minister Gheorghe Pogea.
ZF English
Basescu: The budget needs to be adopted urgently
Traian Basescu stated that the urgency of setting the state budget parameters pushed for a Government meeting on Friday, saying that while the Government planned for a maximum deficit of 3%,...
ZF English
Yields offered by Finance Ministry could exceed 13%
The Economy and Finance Ministry is now paying 13% yields for T-bills and analysts say that the state will borrow more and have to agree to higher yields over the last few months of the year...