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Romania rises public deficit target to 6.9% of GDP under "positive" but risky revision
The government of Romania approved on September 23 the budget revision that brings the deficit to 6.9% of GDP from 5% previously and revises the economic growth assumption down to 2.8% of the GDP from 3.4%.
iulian ernst · Journalist
· Updated · 3 min read
The government of Romania approved on September 23 the budget revision that brings the deficit to 6.9% of GDP from 5% previously and revises the economic growth assumption down to 2.8% of the GDP from 3.4%.
Prime minister Marcel Ciolacu said this is "a positive budget correction" because "additional resources are allocated for all major investment projects of the state."
