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Romanian PM , Fin Min And Ctrl Bk Governor In Talks Over Budget Revision Due Wed

Prime Minister Calin Popescu Tariceanu, Economy and Finance Minister Varujan Vosganian and central bank governor Mugur Isarescu held talks Monday over the second budget revision in 2008.
Romanian PM , Fin Min And Ctrl Bk Governor In Talks Over Budget Revision Due Wed
14 iul. 2008, 18:53, English

"The talks lasted for approximately one hour, and the budget revision, which the government plans to make this week, was the main issue on the agenda," government sources said.

Vosganian said last week that the second budget revision in 2008, which is to be approved Wednesday by the government gives more funds to infrastructure, army and water supply in rural areas.

In March this year, the government has lowered the budget deficit limit to 2.3% of gross domestic product, from 2.7% of GDP.

The five-month general consolidated budget saw a deficit of 0.39% of GDP, compared with a slight surplus of 0.2% of GDP at the end of April.