Economic forecast scenarios include 6.8% budget deficit and up to 2% economic drop

International Monetary Fund (IMF) and Romanian Government experts have included a 6.8 percent budget deficit on their economic forecasts, according to the Finance minister Sebastian Vladescu. Experts from both the IMF and local institutions are currently analyzing the effects of the 24 percent VAT measure, but so far nothing has been discussed about a possible drop of the flat tax to 10 percent, or about a further VAT increase. The team analyzing Romania's economic forecasts is yet to decide on the expected economic drop in Romania this year, which could be somewhere between 1 and 2 percent. The Romanian Government hasn't discussed about a new agreement with the IMF.