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Ministries’ Requests May Push Romania’s 09 Budget Def to 12% Of GDP – Sources

Romania’s Finance Minister Gheorghe Pogea told social partners from anti-crisis workgroups that, following the ministries’ expenditure requirements, 2009’s budget deficit should reach 12% of the GDP, sources close to discussions told MEDIAFAX on Thursday.
Ministries’ Requests May Push Romania’s 09 Budget Def to 12% Of GDP - Sources
15 ian. 2009, 13:54, English

Following this, the Finance Ministry will talk again with representatives of each ministry to cut the requested assignments, including the funds to be used for anti-crisis measures, the sources said.

Pogea told MEDIAFAX on Tuesday that Romania’s consolidated budget deficit will be between 2% and 2.5% of the gross domestic product in 2009, but any assignment that would push the gap above 2% of the GDP will be made exclusively for public investments.

Authorities set up three workgroups together with employers’ associations and trade union representatives, that will discuss by next Wednesday actions for reestablishing the economy and for social protection, aimed to be introduced in the budgetary draft for 2009.

The commissions will work within the Labor Ministry, Economy Ministry and Finance Ministry.