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.
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