2020 budget gap widens to 9.8%/GDP on coronavirus spending

Romania's consolidated budget was in deficit equivalent to 9.79% of the projected 2020 gross domestic product (GDP) in 2020, compared to a gap of 4.6% of GDP in 2019, the finance ministry said on Thursday.   More than half of the 2020 deficit was due to expenditures aimed at curbing the economic impact of the coronavirus pandemic, the finance ministry said in a ...

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