Central Bank Official: A 3% Budget Deficit Is Representative For Crisis Periods

07.22.2015 By Ecaterina Craciun

A 3% budget deficit is representative for crisis periods, for "the worst times," according to the Maastricht Treaty, but, in times of economic growth, the budget deficit should be close to zero, central bank chief economist Valentin Lazea said Wednesday.

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BUDGET DEFICIT
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