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12:25, 05.04.2022

Arrears of general consolidated budget decrease by 3.36 pct in February 2022

The arrears of the general consolidated budget decreased by 3.36% in February 2022, compared to the previous month, to 166.32 million RON, from 174.63 million RON, according to the data published on the Public…




08:40, 27.08.2021

Fiscal Council: Budget revision draft law is weakening previously announced budgetary consolidation

The draft budget amendment weakens the budgetary consolidation as it was announced for 2021, the Fiscal Council said on Thursday night, in a release. "The large-scale revision of the budget revenues (increases…




17:45, 21.06.2021

General consolidated budget arrears increase 7.6% in April 2021

The arrears of the general consolidated budget increased by 7.6% in April 2021, to 278.94 million lei, from 259.21 million lei in March, according to the data published on the Public Finance Ministry's (MFP) website.…




11:40, 29.04.2021

Arrears of general consolidated budget decrease 9.5% in March 2021

The arrears of the general consolidated budget decreased by 9.5% in March 2021, to 259.21 million lei, from 286.63 million lei in February, according to the data posted on the Public Finance Ministry (MFP) website.…




14:40, 22.11.2020

Government debt reaches almost 42.9pct of GDP at end of September 2020

At the end of September 2020, the public administration debt (government debt) totaled 451,147 billion lei, namely 42.9% of the GDP, as compared to 373.6 billion (35.3% of GDP) at the end of last year, according…




13:00, 26.08.2020

Budget deficit up to 4.7 pct of GDP, after first seven months of 2020

The execution of the general consolidated budget in the first seven months of 2020 has recorded a deficit of 49.68 billion RON (4.7 pct of the GDP), according to data published Wednesday by the Ministry of Public…




16:51, 10.07.2020

FinMin Citu: Romania supports rapid implementation of SURE instrument

The rapid implementation of the SURE instrument by the European Commission, as well as the quick adoption of the recovery instrument are considered priorities by Romania in the context of the world crisis generated…




12:39, 26.06.2020

Gov't deficit rises to 3.59pct of GDP five months into 2020

Romanian government deficit rose to 3.59% of the Gross Domestic Product (GDP) five months into 2020, to 38.84 billion lei, as against 26.82 billion lei (2.48% of GDP) in the first four months, the Public Finance…




12:58, 16.06.2020

Plans afoot to provide 90-day tax break for HoReCa companies

Under a draft ordinance published by the Public Finance Ministry, companies in the hospitality industry will get a 90-day break on the specific tax for the tax year 2020.The industry-specific tax was introduced…




17:07, 25.04.2020

Moody's changes Romania's outlook to negative from stable; affirms Baa3 rating

Moody's rating agency has changed Romania's outlook to negative from stable and affirmed the Baa3 rating for long and short-term debt in forex and local currency, the Public Finance Ministry (MFP) announced in…




20:37, 27.03.2020

Budget deficit sees 8.3 billion lei, i. e. 0.73 pct of GDP in first two months of 2020

The consolidated general budget execution on the two months of 2020 ended with a 8.3 billion lei deficit, id est 0.73 pct of the gross domestic product, on Friday informs the Public Finance Ministry. (1 euro =…




16:38, 12.03.2020

Arrears to general consolidated budget up 11.45 pct in January 2020

Arrears to the general consolidated budget were 11.45 percent up this January to 152.03 million lei from 136.41 million lei in December 2019, shows data released on the website of the Public Finance Ministry. Arrears…




18:38, 30.12.2019

11-month budget deficit widens to 3.56 pct of GDP

Romania's 11-month general consolidated budget deficit rose to 3.56 pct of GDP from 2.8 pct at the end of October, shows data released on Monday by the Public Finance Ministry.The January - November 2019 budget…




17:37, 30.12.2019

European Funds Minister Bolos: Romania didn't lose European funds in 2019

The risk of decommitment which seemed imminent has been removed over the past two months for all operational programmes and the value of expenditure statements which were sent to the Public Finance Ministry since…




20:05, 17.12.2019

Gov't to approve in Wednesday's meeting amendments to OUG 114 and state budget draft (sources)

The Government is going to approve in the meeting on Wednesday next year's state budget draft law and the draft law for the amendment of Government Emergency Ordinance (OUG) 114, governmental sources told AGERPRES.…




11:37, 26.11.2019

Budget revenues to drop almost 18.36 billion lei and expenditures 2.09 million lei, at revision

The revenues of the general consolidated budget decrease, on the balance, by almost 18.36 billion lei, as a result of the second budget revision for 2019, with the expenditures dropping by about 2.09 billion lei,…




15:08, 24.10.2019

Florin-Vasile Citu, picked to head Public Finance Ministry (bio)

Prime Minister-designate Ludovic Orban announced on 24 October 2019 the composition of the Cabinet he will submit to Parliament vote. Florin-Vasile Citu was picked for the Public Finance Ministry office.  Florin-Vasile…




15:36, 15.09.2019

Gov't securities' issues to continue in September

The Romanian citizens aged over 18 years could start as of Monday, 16 September, to subscribe to new issues of government securities exclusively dedicated to the population under the Tezaur (Treasury) programme,…




17:17, 24.06.2019

JCR agency reconfirms Romania's BBB/BBB+ rating

The JCR Japan Credit Rating Agency reconfirmed Romania's foreign currency long-term issuer rating at BBB and local currency long-term issuer rating at BBB+ with a stable outlook, according to a release of the Public…




15:47, 11.05.2019

Fitch Ratings reconfirms stable outlook rating for Romania

Fitch Ratings has reconfirmed on Friday Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, the Public Finance Ministry (MFP) announced on its Facebook page.According…




15:26, 02.05.2019

Budget deficit up rd EUR 231 million in Q1 2019, to rd EUR 1.15 billion

The execution of the general consolidated budget ended on first quarter of 2019 with rd EUR 1.15 billion (RON 5.5 billion), meaning 0.54pct of the gross domestic product, compared to a RON 4.46 billion deficit…




17:52, 19.02.2019

Holiday tickets worth EUR 250 million issued in 2018 in Romania

The holiday tickets' value issued in 2018 in Romania parked at EUR 250 million, roughly nine times higher than in 2017, yet below the EUR 400 million threshold initially estimated for 2018, show the data released…




17:55, 12.02.2019

BNR Governor Isarescu: Do we want lower interest rates in Romania? We come down with inflation,reduce deficits

Governor of the National Bank of Romania (BNR) Mugur Isarescu said on Tuesday that he is skeptical about finding a solution that could result in lower interest rates within the Joint Committee between the BNR and…




18:43, 04.02.2019

Central bank on OUG 114/2018 effects, submits research at National Committee for Macroprudential Supervision

The National Bank of Romania (BNR) on Monday presented within the General Council of the National Committee for Macroprudential Supervision (CNSM), an impact study on the effects of the Government Emergency Ordinance…




09:32, 01.02.2019

Draft budget 2019/5.5pct economic growth, 2.8pct annual average inflation, 2.55pct cash deficit

The state budget for 2019 is built on a 1.02 billion lei gross domestic product representing a 5.5pct economic growth against 2018, a 2.8pct annual average inflation and an estimated 2.55pct budget deficit of the…




09:16, 29.01.2019

PM advisor Darius Valcov: '2018, best year in Romania history as regards budget revenues' increase'

The year 2018 is "the best in Romania's history" as regards the increase of the budget revenues, according to the figures displayed on Monday by the Public Finance Ministry (MFP), the prime minister's advisor on…




20:38, 28.01.2019

FinMin Teodorovici:Romania aims to advance works in economic, financial, fiscal area to the benefit of member states

Romania wants to actively participate in the strengthening of the European project and aims to advance the works in the economic, financial and fiscal area, to the benefit of all member states, Public Finance Minister…




16:23, 09.01.2019

Gov't debt records 35pct of GDP 9 months into 2018

The public administration's debt slightly decreased in the first nine months of 2018 reaching 35pct of the gross domestic product (GDP), at the end of September 2018, against 35.1pct of the GDP in December 2017,…




18:38, 18.11.2018

Gov't debt drops to 34.7pct of GDP in August 2018

The public administration's dent dropped in the first eight months of the year reaching 34.7pct of the gross domestic product at August-end, against 35.1pct of the GDP in December 2017, but in terms of value the…




09:28, 10.10.2018

FinMin Teodorovici: Chances are gross minimum wage grow ahead of 1 January 2019

The gross minimum wage could grow to 2,050 lei ahead of 1 January 2019, on Tuesday night said the Finance minister Eugen Teodorovici, in a broadcast at the public television TVR1, specifying that an analysis is…