Mid-year budget deficit figures red flag risk of overshooting 3 pct year-end target (employers' confederation)
Publicat:The 'Concordia' Employers Confederation expresses concern over Romania's macroeconomic balances having progressively deteriorated lately, as the 6-month budget deficit of 1.61 pct of GDP - 2.4 times higher compared to the same period of the year before - raises a red flag as to the imminent danger of overshooting the year-end target of 3 percent.
"With the annual inflation rate having constantly hovered above 5 percent in the past months, eroding the purchasing power and the real value of both consumers and companies, the mid-year budget deficit of 1.61 pct of GDP - up 2.4 times from…
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