Budget to rejoice

The Romanian government passed yesterday the law draft on the 2008 budget, described as a budget for Romania's development. Therefore the government met the October 15 deadline set in the public finance law, according to which the government is now to provide the Parliament with the budget projects by October 15. The MPs are to consent by December 15.
No extra taxes and fees
According to the government, one main target of the budget is to stick to a stimulating fiscal policy. It is to be mentioned that it settles no tax or fee raise and no new taxes, the Romanian PM explained. The income to the general consolidated budget is to reach 174,2 billion RON, which is 39,6% of the gross domestic product. The consolidated budget deficit is estimated to reach 2,7% of the GDP, as in 2007.
According to the figures the Romanian PM Calin Popescu-Tariceanu presented yesterday, the GDP is to go up to 440 billion RON (138 billion Euro) next year, meaning 7,000 Euro per 1 Romanian. They estimate the economic growth will reach 6,5% and inflation is evaluated to 3,8%. As for the current account deficit, it is 13,3%. (...)
Enough for everybody
The PM argued: "It is a budget for Romania's development. The main ideas are that it meets the interests of all social categories and the requirements on Romania's development". He also announced the priority fields: education, transportation, infrastructure, research, health, agriculture and pensions. The PM said education would get 6% of the GDP, 27% than this year, research would be granted 0,7% of the GDP and 4% of the GDP was meant for transportation, which is 14% more than in 2007. (...)

Corina Scarlat
Ziua thursday 11 october 2007 http://www.ziua.net/english