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BRD: Romania Needs Higher Tax Collections To Trim Budget Deficit
04.03.2011, 18:03 | Finance-Banks | 876 views
Romania’s assumed task to lower the budget deficit could prove more challenging in 2011 than it was last year, because it entails a bigger budgetary effort, a senior economist with BRD-Societe Generale said Friday. "I believe it (cutting the budget deficit) will be more difficult in 2011. If last year we were talking about a reduction of one percentage point, this year we must lower it by two percentage points, which will be much more difficult," Florian Libocor, chief-economist at BRD, told a banking seminar. Read more on Mediafax.ro
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