Romanian PM announces 1.2% budget deficit at 10 months
In the first ten months this year, Romania invested 6.4 percent of its GDP, close to the 6.5 percent of the GDP in 2011, while expenses for public sector employees were at the same level as last year. The increase in public sector salaries will be reflected in 2013 and was negotiated with the International Monetary Fund (IMF).
Romania agreed with the IMF to keep the budget deficit under 2.2 percent of the GDP, from 4.3 percent in 2011. The estimated GDP for this year is of EUR 137 billion.
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