Romania Will Miss Budget Gap Target, Because Of Upcoming Elections - Piraeus

Romania's Government will miss this year's budget deficit target of 4.4%, agreed upon with the International Monetary Fund, as there is a high likelihood of "fiscal slippages" before next year's parliamentary elections, say analysts from Piraeus Bank. They expect the government to run a deficit of 5.5% this year. Romania's general consolidated budget registered a deficit of 7.42 billion lei (EUR1.76 billion) at the end of May, 1.36% of the gross domestic product. Piraeus estimates Romania's ...

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