EBRD: Romania’s monthly growth rate in government expenses was low in December 2012


In December 2012, Romania’s monthly growth rate in government expenses was one of the lowest among sixteen countries in Eastern Europe, Central Asia, and the Mediterranean, the areas covered by EBRD (the European Bank for Reconstruction and Development), with a three times lower rate than the average of these countries, according to a press release issued by the Bank.
Thus, Romania’s government expenses went up by 26 per cent in December 2012, compared to the average of the first eleven months of the year, whereas the average for the sixteen countries is 76 per cent. The lower growth rate in expenses for the last month of the year seems to be a result of increased efficiency on the part of the government, the Bank shows. Romania is 15th among the sixteen countries included in the classification. Consequently, Tunisia has reported the highest growth in expenses in the last month of the year, namely 261 per cent, followed by Russia – 135 per cent, Mongolia – 121 per cent, Egypt – 106 per cent, Bulgaria – 88 per cent, and so on. In Poland, the 16th country, government expenses have dropped by 8 per cent. Finland, a country in which EBRD is not currently developing projects, has reported a mere 1 per cent variation. EBRD is operational in 34 countries in Central and Eastern Europe, Central Asia, and the Southern and Eastern regions of the Mediterranean.

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