Romania's Jan-Oct Budget Deficit Rises
Bucharest | 10 November 2009 |
After the first nine months of this year, the budget deficit was Lei 25.56 billion, slightly below the Lei 26.9 billion cap agreed with the International Monetary Fund, IMF.
Early this week, the IMF, delayed disbursing an aid tranche to Romania originally scheduled for next month - part of a 20-billion-euro international aid package - citing the current political instability after former Prime Minister Emil Boc resigned last month.
The loan is conditioned on the implementation of a comprehensive economic reform programme.
IMF said last week that it expects Romania’s deficit to reach 7.8 per cent of GDP this year, due to delays in implementing measures aimed at cutting public spending.
For 2010, Romania has pledged to bring down the budget gap to 5.9 per cent of GDP.




Radovan Karadzic, Sarajevo is not your city, and you have no right to say that it is, just as you do not have the right to say in public, even if it’s in court, that someone has dug up bones around Bosnia and brought them to Srebrenica to make a fake graveyard. This is insulting.











