The bill sets revenues at RON125.95 billion and expenses at RON161.73 billion, while keeping within the 3% of GDP EU deficit limit.
Early November 2017, the country’s Forecast Commission published its estimates for 2017-2021 in view of the government drafting the 2018 state budget and sees a gross domestic product of RON907.9 billion next year and economic growth of 5.5%. The commission expects final consumption will grow 5.8% in 2018, and household consumption will grow 6.2%.
Investments in the economy are set to grow 7.9%.
Inflation is seen at 2.6% at the end of 2018, and the Romanian leu is expected to oscillate around 4.55 lei to the euro.