Romania parliament approves 2015 budget with IMF deficit target


A view of Romania's parliament during a speech by Prime Minister Victor Ponta in Bucharest March 4, 2014. REUTERS/Bogdan Cristel

BUCHAREST (Reuters) - Romania's parliament approved a deficit-cutting 2015 budget bill on Sunday, sticking to a fiscal shortfall target agreed with the International Monetary Fund.

Benefiting from continuous IMF-led supervision since 2009, after a real estate bubble burst, European Union member Romania has gradually cut its deficit and implemented reforms to restore the trust of investors after a recession.

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