Romania aims at public deficit of "around 8% of GDP" this year, PM says
Cutting the public deficit to 7% of GDP this year is out of question, there is no way to achieve this – Romania's prime minister Ilie Bolojan said in a press conference on July 11, adding that his government is striving to keep the budget…
iulian ernst · Journalist
· Updated · 3 min read
Cutting the public deficit to 7% of GDP this year is out of question, there is no way to achieve this – Romania's prime minister Ilie Bolojan said in a press conference on July 11, adding that his government is striving to keep the budget gap "around 8% of GDP."
The statement may disappoint those expecting Romania to bring its public deficit down to 7.5% of GDP this year (the rating agencies mentioned such a benchmark). But this may not be the case since PM Bolojan probably speaks in cash (versus ESA) terms.
