Romanias Jan-Nov budget deficit down 40% y/y to 1.77%/GDP.

By bne IntelliNews January 3, 2013
Romanias general government deficit narrowed 40% y/y to RON 10.8bn in Jan-Nov, the finance ministry said in a statement. The country aims to keep last years fiscal gap below 2.2% of GDP and to continue the fiscal consolidation to a 1.7%/GDP gap in 2013. Jan-Nov revenue increased 7.6% y/y to RON 175.4bn, or 28.8% of the projected GDP. Expenditures rose by only 3.8% y/y to RON 186.2bn over the period as the government spent less for co-financing EU-funded cohesion programmes and increased capital spending by only 1.8% y/y.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Follow Us On

Most Read

  1. Saudi Arabia to scale back plans for Neom city
    6 days ago
  2. Iran vs Israel: Who is better equipped for war?
    2 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. The ruble overtakes the yuan as Russia's main currency for settling international trade deals
    7 days ago
  5. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    17 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    21 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    26 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    19 days ago

Reports

Dismiss