Budget deficit rises to 3.4% of GDP, Government increases spending, and NBR slows down monetary easing

The interim government of the last month of spring continued the previous policy of the Ciolacu Cabinet, and resorted to increasing budget spending, by allocating to local authorities, at their discretion, significant amounts from the Budgetary Reserve Fund, but also to supplementing amounts intended for strategic investments in infrastructure, education, energy and transport.

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