Slow Economic Activity, EU Funding Freeze Widen Romania’s 2012 Budget Gap

01.28.2013 By Claudia Medrega

The freeze on EU funding and the sluggish economic activity widened Romania’s budget gap in 2012, causing the country to miss its budget deficit target agreed with the International Monetary Fund, the European Commission and the World Bank, for the first time in the last four years.

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Keywords:
BUDGET GAP
, TARGET