FinMin: We hope we'll not overshoot budget deficit target too muchPublish date: 06-11-2009
The government will take all the measures it has available in order to meet the 2009 budget deficit target of 7.3 percent of GDP, Public Finances Minister Gheorghe Pogea said on Thursday, after talks with a visiting delegation of the International Monetary Fund.
'Even if we slightly overshoot the deficit target, let it not be because of the government, but because of the delayed enforcement of some laws. We hope we'll not overshoot the budget deficit target of 7.3 percent of GDP too much', Pogea said.
He stressed the budget deficit could be exceeded if the proposed measures (the laws on slashing budget expenditure - editor's note) cannot be enforced.
Head of the IMF Mission in Romania Jeffrey Franks declined to comment on the consequences of a possible overshooting of the budget deficit target and he announced he would meet caretaker Prime Minister Emil Boc starting 6 p.m. on Thursday.
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei