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MFP: 2019 budgetary deficit at 4.6% of GDP

Romania’s budgetary deficit in 2019 was recorded at 4.6% of GDP, the highest figure in the last 9 years, according to data from the Ministry of Public Finance (MFP). The figure stands at 0.2% above the predictions in last year’s budget amendment. The difference comes from two unexpected events which occurred at the end of last year, the debt settlement to the Micula brothers (LEI 0.9 billion) and lower equities from state-owned companies ...

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