Romania’s government raised its budget deficit target ahead of general and presidential elections this year in the latest challenge to the European Union’s fiscal rules.
The cabinet of Prime Minister Marcel Ciolacu said on Monday the shortfall will rise to 6.9% of economic output this year from 5% planned previously as it faces higher spending on pensions, investment and defense.
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Publish date : 2024-09-23 06:51:00
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