BNR governor: With so high economic growth, budget deficit should be kept below 3 pct limit
Publicat:Governor of the National Bank of Romania (BNR) on Friday commended the government's maintaining the budget deficit below the 3 pct reference level, which kept the GDP share of the public debt below 40 percent, but cautioned that with economic growth as high as Romania's in 2017 "one should seek to stay below this limit."
"I welcomed the fact that the government has kept the deficit below the 3 percent benchmark, which has maintained the government debt's GDP share below 40 pct. As you know, the critical level in the EU is 60 pct, but for emerging countries like Romania 40 - 45 percent…
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