Romanian Government gives green light to second budget revision

The Romanian Government approved the second budget revision this year, Prime Minister Emil Boc announced Monday. According to the revision draft, the budget revenue and expenditure estimates for this year were slightly raised, to EUR 38 billion and EUR 46.7 billion, respectively. The authorities maintained unchanged the budget deficit projection to 6.8 percent of the gross domestic product in 2010, lower from 7.2 percent of GDP a year earlier. Mediafax