EC warns Romania on risk of missing budget gap target

The European Commission (EC) on Monday warned Romania that it may not meet its budget deficit target and urged the government to take action to avoid the opening of an excessive deficit procedure, seenews.com informs. "Based on 2016 outturn data validated by Eurostat and the Commission 2017 Spring Forecast, in 2016 Romania's structural balance deteriorated from a deficit of 0.6% of GDP (i.e. above the medium-term budgetary objective (MTO) of a ...

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