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Budget deficit to rise to 4.4 percent this year

After analysing the state of public finances and the measures required to bring the budget within reasonable limits, the new PNL government announced that Romania would reach a budget deficit of 4.4 percent of GDP in 2019. It is far worse than the projected 3 percent deficit, and an effect of the measures taken over the past three years. The budget problem is a result of the spending structure, said Ionut Dumitru, chief economist at Raiffeisen Bank ...

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