Romania's deputy PM says the budget deficit to remain below 3 pct of GDP this year

Romania’s deputy PM says the budget deficit to remain below 3 pct of GDP this year

Newsroom 09/01/2017 | 11:27

The deputy PM Daniel Constantin said on Sunday that the budget for 2017 will be approved until the end of January and it comprises a deficit of maximum 3 percent with all the measures proposed by PSD-ALDE, but didn’t exclude a renegociation with the European Commissin regarding the deficit limit.

Talking about the measures of the governing program of the PSD-ALDE coalition, Constantin „it is realistic if we succeed to maintain the two engines, the consumption and the investments area.”

Regarding a possible renegotiation of the deficit of 3 percent with Brussels, Constantin says that it won’t happen in 2017. ” We’ll see if it’s the case for the next year. The deficit exceeding of 3 percent would bring to the excessive deficit procedure development,” said Constantin.

„At least for 2017, the exceeding of the 3 percent target won’t happen, because all the measures that my colleagues from PSD thought of are within this limit of 3 percent,” says Constantin.

Also, he added that the budget will be approved within the Parliament until the last week of January.