Romania's budget deficit for the first nine months of the year has fallen within agreed limits, it has been revealed.
The International Monetary Fund and European Commission had insisted that the figure be no greater than 5.4 per cent of gross domestic product (GDP) at the end of the third quarter as one of the conditions of a loan package.
According to Gheorghe Pogea, the country's minister of public finance, the actual figure stood at 5.1 per cent of GDP at the end of September.
An IMF mission is currently visiting the country to assess the economic situation and Mr Pogea seems keen to impress on them the effort the nation is putting in.
Speaking to Financiaril.ro, he said: "We will present to IMF the way the Government fulfilled all agreement set conditions, afferent to the nine months."
Recently, Jeffery Franks, the IMF's Romania mission chief, stated that the organisation was keen to discuss Romania's fiscal policy with in during its visit to the nation.
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