Ministry of Public Finance
We have gone out on the international markets and the interest in Romania has been almost 14 billion euros, of which we have chosen to borrow 3.3 billion euros, the Public Finance Minister Florin Citu said after the government meeting on Wednesday. He specified that the loan offered the possibility of financing expenditure from the budget without any problems.
The budget deficit increased in March by almost 10 billion lei, reaching 1.67 pct of the Gross Domestic Product after the first three months of the year, from 0.73 pct at the end of February, according to data published on Monday by the Ministry of Public Finance.
The Ministry of Public Finance (MFP) borrowed 1.594 billion lei from banks on Monday, through a benchmark government bond issue, with a residual maturity of 36 months, at a yield average of 3.84pct per year, according to data released by the National Bank of Romania (BNR). The nominal value of Monday's issue was 300 million lei, and the banks subscribed 1.918 billion lei.
As of February 29, 2020, the forex reserves of the National Bank of Romania (BNR) rose by 0.9 pct, to EUR 35.830 billion, from EUR 35.505 billion at January 31, 2020, the central bank announced in a release sent to AGERPRES on Monday.
For the first time in history, Romania on Thursday borrowed money at a negative interest rate, acting Finance Minister Florin Citu announced on Thursday at the opening of a government meeting.
International borrowing is proof of responsibility, but the country's deficits are worrisome, the governor of the National Bank of Romania (BNR), Mugur Isarescu told a press conference, when asked about the latest loans contracted by the Ministry of Public Finance. "Worrisome, an element of concern or as you might want to call it, not of panic, however, are the country's deficits.
Romania's state of finance is very bad, as its previous government failed the revenue collection plans, freshly sworn in Prime Minister Ludovic Orban told a news conference at the Finance Ministry on Wednesday. "I am today at the Ministry of Public Finance to officially install the new Minister of Finance, Florin Citu. I had some talks before this news conference on the financial state.
Prime Minister-designate Ludovic Orban announced on 24 October 2019 the composition of the Cabinet he will submit to Parliament vote. Monica-Cristina Anisie was picked for the Education and Research Minister office. Monica-Cristina Anisie was born on 19 July 1973, according to her official Facebook page.
Prime Minister-designate Ludovic Orban announced on Thursday the composition of the Cabinet he will submit in Parliament vote.
The Minister of Public Finance, Eugen Teodorovici, said it is absolutely necessary the new European Commission to take into account the interests of all member states, and not only of some of them that are believed to be stronger and more influent. "I hope that the new team of the European Commission will truly approach every matter in the spirit of cohesion.