Negotiations context with the IMF / From the last IMF report: the Q1 fiscal performance disappointed / Romanian authorities claimed that a program…
July 27, 2010
The last report of IMF experts, published on Friday on the official webside of the Fund, made after the last IMF visit in Romania analyzes the evolution of the economy until the end of the first quarter and notes the expectations for the following period. The two targets that were not reached – the budgetary deficit and the state's debt to the private environment were caused by the tension on increasing spending and collecting revenues which was lower than expected.
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