“An alarming situation for Romania.” The budget deficit reached 2.3% of GDP in the first three months of the year

While former European Funds Minister Adrian Câciu rejects the idea of a "budget apocalypse" and promises that Romania will not end up in "junk" or the IMF, economist Adrian Negrescu warns that, at the current pace of budget spending, an agreement with the IMF could represent the only safety net. The article Romania's budget deficit divides economists into two camps. IMF, "manna from heaven" or political scarecrow? appears first on Romania TV.

Economist Adrian Negrescu says that the situation of the budget deficit of 2.3% of GDP in the first three months of this year is “alarming” for Romania, and if spending continues at this rate, our country risks losing the “buzz of credibility” it had before investors. According to the economic analyst, in this extreme case, the only “lifeline” will be an agreement with the IMF, which thus becomes the “lesser evil” in a situation where the “lack …

The implementation of the budget in the first three months of the year reflects the challenges of the internal and external economic context, as well as the first results of the measures taken to restore budgetary balance, transmitted, delivered, Friday, Minister of Finance, Tanczos Barna.

You keep hearing about this budget deficit. For example, the latest news is from yesterday: the figures are a new record for the PSD-PNL government – after only the first three months, the budget deficit has already reached 2.3%, the equivalent of 44 billion lei. Last month it was “only” 33 billion lei. The situation is very serious. These figures do not say much about how this budget deficit can affect you. Many people think it is too complicat…

Romania will wait for the outcome of the presidential elections in May and the adoption of new measures to reduce the largest budget deficit in the European Union before returning to international markets with Eurobonds, the head of the Treasury in the Ministry of Finance, Ștefan Nanu, told Bloomberg. Nanu’s statements were made on the sidelines of meetings on […] The article Treasury Head: “Rating Agencies Await New Fiscal Measures” in Romania …

Investors at the Bucharest Stock Exchange are increasingly skeptical about the Romanian economy, amid a budget deficit that could lead to new tax increases. However, even in this context, some listed companies have budgeted increases for this year, says Dragos Mesaros, trading director at Goldring.