Daianu also said he expects a budget deficit below 7% of GDP, lower than the government’s forecast of 7.16% of GDP.
“The budgetary correction has started. I see the cash deficit below 7% in 2021 and I have also talked about this in the Fiscal Council. You see the finance ministry’s forecast: an ESA deficit of nearly 8%. It may fall below 8%, but I think it will be nearing 8% in 2021”, Daianu explained.
Daianu added that rating agencies Moody’s and Fitch would also upgrade Romania’s rating perspective after Standard and Poor’s had done that in April 2021.
Daianu pointed out that a solid economic recovery depends on the evolution of the vaccination campaign: Containing the coronavirus pandemic depends on the vaccination rate. It does not mean discrimination, but saving the businesses, the economy and human lives.