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Romania: „Ongoing fiscal consolidation in 2012“

Published: February 1, 2013; 17:03 · (Vindobona)

According to Raiffeisen Research, Romania´s public finance begins to improve. However, the budget execution still shows some weaknesses.

Romania: „Ongoing fiscal consolidation in 2012“ / Picture: © Flickr

The positive facet: ongoing fiscal consolidation in 2012. Consolidated budget deficit computed according to the national methodology (cash definition) amounted to RON 14.77 bn in 2012 or 2.5% of government’s projection for nominal GDP. This is well below the level recorded in 2011 (RON 23.9 bn or 4.3% of GDP). So, 2012 was the third year in a row with…

This article includes a total of 917 words.

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