PM announces 2.5% budget deficit

The Government is about access a new budget rectification, aimed at lowering the budget deficit. The measure was announced by the prime minister Calin Popescu Tariceanu on Thursday, during a “The Economist” seminary where he assumed a 2.5 GNP deficit margin.

Finance Minister Sebastian Vladescu, answering the Hotnews.ro questions, said that 2.5% of the GNP is still the target.

In case this would truly happen , it’s the fourth budget rectification in 2006, after a previous deficit also at 2.5% of the GNP, but after an optimistic 0.5% beginning of the year.

HotNews.ro, Oct 31, 2006