• austriantimes.at
• croatiantimes.com
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

27. 10. 09. - 09:00

• more Business news...
• RSS Feed Business

27. 10. 09. - 09:00

Romania has budget deficit below the IMF cap

Romanian Times

Romania’s consolidated budget posted a six billion Euro (25.56 billion lei) deficit, or 5.1 per cent of the gross domestic product (GDP), in the first nine months of 2009.

The Finance Ministry announced the news yesterday (Mon), adding that consolidated budget revenue had been 27.5 billion Euros (115.77 billion lei), down 6.7 per cent year on year.

The deficit is 40 per cent wider than in the same period of 2008.

Budget revenue accounted for 23.3 per cent of GDP, while expenses stood at 28.4 per cent of GDP in the first nine months of 2009.

The budget deficit was below the limit of of 6.4 billion Euros (26.9 billion lei) agreed upon with the International Monetary Fund (IMF).

Romania secured 19.95 billion Euros of financial aid from the IMF, the European Union and other international institutions earlier this year to cope with deepening recession.

The agreement between Romania and the IMF fixes quarterly performance criteria for this year's budget deficit, which needs to be lower than 7.3 per cent of GDP at the end of December.

Almost half of Romanians live in poverty
Almost half of the Romanians (8.89 millions) are at risk of poverty or social exclusion, according to Eurostat data published today (Weds).

Police carry man off the snow and save his life
A man who had collapsed in freezing weather near a river, in Stoina, Gorj, southern Romania, was saved after policemen carried him for several kilometres.

New government with same eight former ministers proposed
The Romanian parliament will vote on the new government team, proposed by designated Mihai-Razvan Ungureanu, tomorrow (Thurs).

Forty-one dead in freezing weather
Another three persons have died due to low temperatures in the last 24 hours, the Romanian Health Ministry said today (Weds).

EC report on Justice is positive, minister says
Romanian Justice Minister Catalin Predoiu currently acting prime minister until the new government is voted in by the parliament, said today (Weds) that the European Commission's interim report on progress in justice is, overall, "positive".

Pink Martini concerts in Bucharest
American orchestra Pink Martini will give a concert in Bucharest on 26 May at the Palace Hall, part of the promotional tour for their latest album "A Retrospective", local organisers Events said today (Weds).

Romania's industrial output up
Romania's industrial output increased by 15.6 per cent in 2011, the National Statistics Institute (INS) said today (Weds).

Father tried for abusing four-year-old girl
A Romanian father was sent to trial for abusing his stepdaughter, aged only 4, prosecutors said today (Weds).

Pitch in best condition for Steaua-Twente match, authorities say
The pitch for the Europa League match Steaua Bucuresti - Twente Enschede will be in optimal condition, the Bucharest town hall promises, after criticism of the National Arena turf.

More Romanian tourists travel to Austria
The number of Romanian tourists to Austria rose last year, after two years of a decline, Austria's National Tourism Office in Romania announced today (Weds).