News » January, 2011 » 4 January 2011
Romania '10 Budget Deficit At 6.6% Of GDP, Below IMF-Imposed Target - Sources
04.01.2011, 18:00 | Finance-Banks | 740 views
Romania’s government sent a letter to the International Monetary Fund saying the country has met all requirements for a new tranche out of the EUR13 billion stand-by loan, including a budget deficit of 6.6% of the gross domestic product for 2010, people close to the matter told Mediafax. According to the government's letter, the preliminary budget deficit is around 6.6% of the GDP, lower than the target agreed with the IMF of 6.8% of GDP. Also, the state arrears and the number of public jobs fell below the ceilings agreed with the fund. Read more on Mediafax.ro
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