National Strategy and Prognosis Commission

Prime Minister Florin Citu informs that the state budget draft for 2021 will be put up for public debate on Wednesday night or on Thursday morning. "We will put up for debate the budget for 2021. It will be a public debate, I believe, tonight or tomorrow morning.

The government has passed an emergency ordinance regarding the revision of the 2020 national budget and the state insurance budget that takes into account the new economic data following the crisis triggered by the ongoing coronavirus epidemic, head of the Prime Minister's Chancellery Ionel Danca announced on Wednesday.

The Romanian economy slowed down to 4.1 percent last year, after 4.4 percent in 2018 and 7.1 percent in 2017, show flash estimates released by the National Institute of Statistics on Friday. The GDP advance in Q4 2019 from the previous quarter was 1.5 percent, while growth in the third quarter was 0.6 percent QoQ.

Prime Minister Viorica Dancila on Saturday stated that the Government is not a "failed" one, as labeled by President Klaus Iohannis, but an efficient one, and that the economic figures confirm it. "We are not a failed Government, as the President labeled us. He plays with words. It's very easy to offend someone. I never offend.

Prime Minister Viorica Dancila announced on Thursday that the Development and Investment Fund (FDI) will be extended in order to complete and arrange the storage and preservation spaces of agricultural products and the procedure for requesting the fund through this programme will be simplified by eliminating the construction permit from the list of necessary documents when lodging the file.

The National Strategy and Prognosis Commission (CNSP) revised upwards to 3.2 pct its year-end inflation forecast for 2019, changing also its average exchange rate estimates upwards to 4.74 lei/euro, according to the CNSP Spring Outlook 2019 - 2022.

In its winter Outlook of the Major Macroeconomic Indicators 2018 - 2022, the National Strategy and Prognosis Commission maintains its estimation of the growth of Romania's economy this year at 5.5 percent and its forecast for the rate of inflation at the end of 2019 at 2.8 pct, but changed upwards its exchange rate forecast from 4.62 lei/euro to 4.67 lei/euro.