Romania’s 2011 Draft Budget Eyes 2% Econ Growth, 4.4% Deficit

The 2011 draft budget also stipulates a 3% inflation target, and a current account deficit of around 5%.

Romania’s representatives to the IMF, Mihai Tanasescu, told MEDIAFAX on Saturday that Romania will register a „good” economic growth next year, after two years of recession, with a GDP increase supported by exports and consumption.

Joint teams from the IMF and the European Commission is in Bucharest until August 4 to review Romania’s progress under a EUR20 billion loan package. Following the mission, the IMF will decide whether to disburse a sixth loan installment to the country, worth over EUR900 million.

Bolojan: Întărirea flancului estic NATO, de la Marea Baltică la Marea Neagră, o prioritate

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Ilie Bolojan anunță că România nu va dubla cheltuielile de apărare

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