BNR: Current government expenditure must be reduced still
Thursday, May 26, 2011
The current government expenditure - central and local staff expenses, material and service expenses - must be reduced still, National Bank of Romania (BNR) Deputy First Governor Florin Georgescu said at the Finance 2011 Forum, organized by Forum Invest in Bucharest.'In the banks' total net assets, the share of public sector loans increased from 5 percent in 2008 to 16 percent in March 2011, while the share of household loans declined from 29 to 26 percent and that of corporate loans dropped ...