The country’s GDP is seen at RON626.2 billion (EUR142.6 million) in 2013, RON2.6 billion higher compared to previous estimations.
Romania’s budget deficit is expected to rise from RON13.3 billion (2.1% of GDP) to RON14.7 billion (2.3% of GDP).
The government expects state budget revenues to be lower by RON2.2 billion, forecasting a RON1.9 billion decline in revenues from taxes on profit, VAT, excises, and EU-fund reimbursements.
Total state budget spending is expected to drop by RON978 million, while RON1 billion will be assigned to local authorities to pay debts. (EUR1=RON4.3907)