Romania pledges to cut spending

Romania’s Finance Minister, Varujan Vosganian, promised 6 March 2008, spending cuts of €1.1bn ($1.7bn, £842m) this year, cutting the country’s target budget deficit from 2.7 to 2.3 per cent of gross domestic ­product.

European Commission: DG Economic and Financial Affairs: Economies of the Member States: Romania http://ec.europa.eu/economy_finance/eu_economic_situation/member_state8616_en.htm

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