Romania’s Parliament approves 2018 budget

Newsroom 22/12/2017 | 13:29

MPs have approved on Friday Romania’s public budget for 2018 with 255 votes in favor and 95 against it.

The budget is based on an economic growth estimate of 5.5 percent of GDP, an average inflation rate of 3.1 percent and an average net wage of RON 2,614. The budget deficit forecast for next year is 2.97 percent, below the EU criteria of 3 percent.

The authorities expect to record revenues to the public coffers of RON 287.5 billion, accounting for 31.7 percent of GDP. Expenses, meanwhile, are set to reach RON 314.5 billion or 34.6 percent of GDP.

Investment expenditure is set to reach RON 38.5 billion (4.2 percent of GDP), up RON 13 billion versus this year’s budget.

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