Bloomberg News

IMF Says Romania May Need More Measures to Reach Budget Goals

October 06, 2011

Oct. 6 (Bloomberg) -- The International Monetary Fund said Romania will need to take more measures to narrow its budget deficit below 3 percent of gross domestic product next year, according to a report published on its website.

The eastern European country will require an “adjustment of at least 0.5 percent of GDP” next year to cut its budget deficit from a targeted shortfall of 4.4 percent of GDP this year, the Washington-based institution said.

International market conditions might also “impede” Romania’s asset-sale plan for this year and next and the government might have to take alternative actions to improve operations in its companies, the IMF said.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net


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