Employers Confederation

Mid-year budget deficit figures red flag risk of overshooting 3 pct year-end target (employers' confederation)

Published by Agerpres on Tue, 07/31/2018 - 11:23

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.