Budget Deficit Target Already Under Threat As Public Debt Is Rising Fast

04.25.2012 By Claudia Medrega

Romania's budget deficit in the first two months was the same as in 2011, while public debt continued to rise fast because of the Finance Ministry's policy to borrow aggressively from markets for fear it might lose access to cash. These are but two of the warning signals about the chances of meeting the deficit target of 1.9% of GDP and the goal to stabilize debt.

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Keywords:
BUDGET DEFICIT
, TARGET
, FINANCE MINISTRY
, PUBLIC DEBT