ROMANIA\'S CURRENT ACCOUNT DEFICIT IN 2016 ELECTIONYEAR
-
Authors:
• PhD. Mariana PAJA, Lecturer, email: mariana.paja@yahoo.com, Afiliation: Faculty of Economics, Ecological University of Bucharest, RomaniaPages:
• 23|33 -
Keywords: risk, debt, trade deficit, current account deficit
-
Abstract:
To correct the serious imbalances accumulated before the crisis from 2010 to 2014there were a number of tough but necessary reforms that have resulted in today's macroeconomic situation.
The macroeconomic situation of the country is likely to weaken again because of legislative initiatives with electoral purposes that started in the middle of 2015. Enforcing them would pose a risk to financial stability or a danger to economic performance. One of the risks that could materialize in this case is the risk of the current account deficit.
The evolution of the current account deficit, however, drew attention because of the level reached at the end of last year. The revised data of the National Bank of Romania show a deficit of 2.662 billion euros in the first nine months of 2016.
National Commission for Prognosis (CNP) provides data on government bases its budget projections. For 2016 it is estimated a current account deficit of 3.75 billion euros, double the 2015 level.
