Romanian Fin Min: 20% Of Public Spending Goes To Investments In 2010

Romania will assign around 20% of the total budget expenses, or 7% of the gross domestic product, for public investments in 2010, acting Finance Minister Gheorghe Pogea said Thursday.

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Romanian Fin Min: 20% Of Public Spending For Investments Also In 2010

The sum is similar to the level of investments scheduled for this year, of 35.7 billion lei (EUR1=RON4.2952).

In the first nine months, public investments totaled RON24 billion.

He reiterated that the authorities plan to keep the value added tax and the flat tax levels unchanged in 2010.

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