Memo: Statement on Romania after EU/IMF joint technical mission

Author (Corporate)
Series Title
Series Details MEMO/09/565 (17.12.09)
Publication Date 17/12/2009
Content Type ,

A joint technical team of European Commission and IMF staff visited Bucharest in December 2009 to continue discussions under the multilateral assistance programme. Discussions focused on fiscal policy issues. The mission found that good progress had been made to reach the 2009 budgetary target of a cash deficit of 7.3% of GDP. Yet, tight expenditure control remains essential.

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