budget gap

Romania Budget Gap Lowered By Spending Cuts, Not Tax Increases – Ctrl Bk Chief

15:55, 28 Apr. 2010
Trimming social and current expenses and stepping up investment can help lowering Romania’s budget deficit, central bank governor Mugur Isarescu said Wednesday.

Romanian Business Community Deplores Low Econ Predictability

13:24, 20 Apr. 2010
Romanian businesspeople association AOAR officials said the leu levels are OK as long as they remain in a narrow range and predictability, coupled with good management by politicians, should take priority.

Romania, IMF Set 2010 Budget Gap Target At RON32B

20:59, 23 Feb. 2010
Romania and the International Monetary Fund agreed on a deficit target at the general consolidated budget of 31.9 billion lei (EUR1=RON4.1224) in 2010, according to the supplementary letter to Romania’s standby arrangement with the IMF.

Romania 09 Budget Gap At 7.2% Of GDP, Below IMF Cap

18:03, 15 Feb. 2010
Romania’s consolidated budget deficit rose to 36.4 billion lei (EUR1=RON4.1173), or 7.2% of the gross domestic product at the end of 2009, modestly below the 7.3% of GDP cap agreed with the International Monetary Fund, the Finance Ministry said Monday.

Romania Ctrl Bk Head Says 5.9% Of GDP Budget Gap ‘Reasonable’

14:26, 05 Feb. 2010
Aiming at a budget deficit of 5.9% of the gross domestic product for 2010 is “reasonable” given the current economic conditions and it’s a key-element for Romania’s program with the International Monetary Fund and the European Commission, central bank governor Mugur Isarescu said Friday.

Romania Jan-Nov Budget Gap Rises To 6% Of GDP – Fin Min

12:40, 04 Dec. 2009
Romania’s consolidated budget deficit rose to 29.6 billion lei (EUR1=RON4.2171), or 5.95% of the gross domestic product at the end of November, Finance Minister Gheorghe Pogea said Friday, citing preliminary data.

Romania Jan-Oct Budget Gap Rises To 5.2% Of GDP – Fin Min

14:51, 10 Nov. 2009
Romania’s consolidated budget deficit rose to 5.2% of the gross domestic product in at the end of October, interim Finance Minister Gheorghe Pogea said Tuesday.

Romania To Seek Alternate Financing To Cover Budget Gap – Ctrl Bker

13:36, 06 Nov. 2009
Romania’s Finance Ministry has to look for new sources to finance its budget gap this year, as the International Monetary Fund and the European Commission are likely to defer additional loan tranches for early 2010, central bank governor Mugur Isarescu said Friday.