deficit
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IMF pushes for current account deficit cut
The International Monetary Fund feels that Romania cannot afford a current account deficit exceeding 5.2% of the Gross Domestic Product in 2004, given this year's estimated record of 6.5%. T...
2003: soaring current account deficit and record-high revenues for retail
An optimist always sees the glass as half-full, whereas a pessimist only notices the empty half. However, now that the time has come to draw the line and summarise the year that has almost p...
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...
Inspiratie limitata la Guvern: deficit extern corectat prin majorari de accize
Majorarea veniturilor bugetare prin cresterea accizelor este prima idee care i-a venit guvernului pentru calmarea cresterii fara precedent a importurilor si reducerea deficitului bugetar. Pa...
Bright macroeconomic projections turn gloomy, as record-high external deficit looms
The glorious macroeconomic picture painted by the Government early this year is getting gloomier by the day. After a 14-year record-high trade deficit, lower-than-expected economic growth an...
Romania bracing for unprecedented external deficit: 6.5% of GDP
Romania is about to end the year with a significant external deficit, triggered by the wave of imports that spun out of control in the last quarter. "According to the latest information, the...
Deficit bigger by the month
The current account deficit of Romania's balance of payments amounted to 1.64bn euro in late September, 61% higher than in the first nine months of last year, the National Bank of Romania (N...
Deficit may trigger new IMF agreement
The International Monetary Fund is in no rush to conclude a new agreement with Romania. Although a new IMF mission is due in Bucharest next Monday, discussions may go on until the beginning...
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...