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PM says Romania needs 7 years to bring public deficit under 3% of GDP

Romanian Prime Minister Marcel Ciolacu announced that he is asking the European Commission for a seven-year period to reduce the general government budget deficit to under 3% of GDP, https://www.intellinews.com/ reads.    Romania has been under the Excessive Deficit Procedure (EDP) since 2019, but the procedure was suspended during the COVID-19 crisis. Romania’s government is ...

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