Romanian Social Democrats To Vote Against Draft 2010 State Budget

The National Standing Office of Romania’s Social Democratic Party on Monday decided that social democrat lawmakers will vote against the draft state budget and the draft social security budget for 2010.

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Imaginea articolului Romanian Social Democrats To Vote Against Draft 2010 State Budget

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The Romanian Parliament's two chambers will convene Monday in extraordinary plenary meeting to debate the draft state budget and the social security budget for 2010, which were approved by the Parliament's budget-finance committees over the weekend.

The Romanian Government approved on December 23, 2009 the draft 2010 state budget, which should be adopted by mid-January to unblock new disbursements from a EUR20 billion multilateral loan package that were halted over political turmoil following the collapse of the country's government in October.

The country's draft budget considers economic growth of 1.3% of GDP and an inflation rate of 3.7%. In 2009, the Romanian economy is estimated to contract by around 7%, while the annual inflation is predicted at 4.5% end-December.

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