Next year's budget devised for 2.5pc growth, 2.2pc average inflation rate, 1.8pc deficit

Photo credit: (c) Vlad STAVRICA / AGERPRES ARCHIVE

Romania's aggregate consolidated budget for the coming year is built on a 2.5 pct economic growth, with the gross domestic product estimated at 709.681 million lei; the budget deficit is set at 13.004 million lei or 1.8 pct of GDP, according to the macroeconomic indicators of the budget construction published by the Public Finance Ministry.

For the period 2015-2018, the budget deficits calculated according to the ESA methodology will keep below 2 percent of the GDP, while the structural deficit is estimated to keep at 1 percent of GDP even beyond this period. In 2015, the ESA deficit will be 1.2 pct of the GDP at the most.

The average annual inflation rate considered for the preparation of next year's budget is 2.2 percent and the average exchange rate is 4.42 lei / euro.

Revenues to the aggregate consolidated budget are estimated at 226.360 million lei, accounting for 31.9 percent of the GDP, while the estimated expenditures amount to 239,364,000 lei, ie 33.7 pct of the GDP.

The number of the unemployed will be 465,000 and the net monthly wage is set at 1.758 lei. AGERPRES

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