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Romania: Budget Gap Revised
Politics ♦
Published: October 31, 2013; 07:32 ♦ (Vindobona)
In 2013, Romania´s fiscal shortfall is projected to reach 2.5% of GDP.
Romania: Budget Gap Revised / Picture: © Vindobona.org
As public revenues are lower than expected, Romania´s government had to revise its planned budget deficit. The planned fiscal shortfall was raised from 2.3% of GDP to 2.5% of GDP. This was already the second revision in 2013. In the first nine months of 2013, the total fiscal shortfall came at € 1.8bn, which corresponds to 1.3% of GDP.
According to the Romanian Ministry of…
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