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Romanian Ctrl Bk To Support Govt Measures Of Econ Growth – Ctrl Bk Gov

The National Bank of Romania will support the government's measures to sustain a minimum economic growth in 2009, the central bank governor Mugur Isarescu said Thursday.
Romanian Ctrl Bk To Support Govt Measures Of Econ Growth - Ctrl Bk Gov
08 ian. 2009, 14:55, English

Isarescu added that an adjustment of the external balance is compulsory, but it has to be done without a strong impact upon inflation and people’s living standard.

Following a meeting with the country’s Prime Minister Emil Boc, Isarescu said that the current international financial crisis makes the current account deficit adjustment unavoidable and the future measures need to take the correction into account, in order to not impact economic growth.

The prime minister said he had a short discussion with the central bank governor regarding the future structure of the budget for 2009.

Boc added that the Government’s priorities for 2009 are creating new jobs, improving the business environment, European funds absorption, "massive" infrastructure investments, and avoiding social disruptions.

They also spoke about correlating fiscal-budgetary and monetary policies.

The prime minister and the central bank governor met Thursday at the central bank’s headquarters to discuss macroeconomic forecasts and the 2009 budget draft, which should be approved by the Government by the end of January.