Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 19 ISSUE 4
Written by Irina Rafikovna MANUKYAN, Madina Ahsarbekovna BASIEVA, Anna Nikolaevna GNEUSH, Gayane Yur'evna ARUTYUNOVA, Majya Mugdinovna UDYCHAK, Denis Anatolevich YURIN
The trade deficit itself is not a danger to the economy of a country, given that it is determined by imports of equipment, capital goods or other goods that contribute to economic competitiveness. If, however, the budget deficit is determined by the import of consumer goods, then this situation can be worrying. According to the data published by the National Institute of Statistics, Romania's budget deficit resulting from the commercial activity increased in January-May 2019 by 30.1 percentage points compared to the same period last year, under the conditions in which the value of exports increased. Therefore, in this article we intend to analyze the situation of the trade deficit in Romania, focusing on the agricultural trade in order to determine the factors that have contributed to the increase of this deficit that increases from year to year.
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