Romania’s central public administration budget deficit estimated at 3.25 pct this year

Georgiana Bendre 23/06/2017 | 13:21

The Finance Ministry estimates a budget deficit of the central public administration of 3.25 percent of GDP in 2017, calculated based on the cash data, via the European Union method, according to the administration strategy of the government public debt for 2017-2019.

The economic growth is estimated at 5.2 percent of the nominal GDP to RON 816.5 billion. The current account deficit was estimated at 2.4 percent of GDP and the inflation at 1.9 percent at the end of 2017.

„Considering the internal economic context and the economic and financial evolution from Euro zone, as well as the evolution of the economic growth potential for 2017-2019 period, it’s estimated that the Romanian economy will grow faster, estimating an average GDP of 5.5 percent annually, the initial data of the first quarter of 2017 confirming the expectations,” according to the document.

Romania’s gross financing requirements will reach EUR 63.9 billion, according to government estimates.

„The deviations from the macroeconomic estimations from the base scenarios described above might come from the uncertainties at global level determined by the perspectives regarding the Euro evolution and the main emergent economies (especially China), the effects of the monetary policy in USA on the global capital flows and the implementation of the Trump administration program, the uncertainties on the EU future after UK referendum, all these leading to volatility of the investments in the financial assets of the emergent economies,” says the strategy.

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