Budget Def Would Be 12%/GDP If All Ministries’ Needs Covered – Romanian Fin Min

„In order to invest at the level desired by each ministry, the budget deficit should surge to 10-12% of the GDP, which is currently unacceptable,” Vladescu said Thursday, during the debates on the budget draft in the parliamentary committees.

Vladescu said that the 4% of GDP level assigned for investments this year is a very low sum for a country with a 250,000 square kilometers area and almost 20 million inhabitants.

The 2010 budget is based on a budget deficit of 5.9% of the GDP.