He said the Defense Ministry’s expenditure budget will be increased by 700 million lei (EUR159.2 million).
“We’re talking about a 0.2% [of GDP] increase for the Defense Ministry that has been negotiated with the European Commission,” Ponta told reporters.
Romania and its international creditors have agreed on an initial deficit target of 2.2% of GDP for 2014, slightly narrower from 2.5% of GDP in the previous year.
Joint teams from the International Monetary Fund and the European Commission arrived in Bucharest on June 2 for the third review of Romania’s progress under a EUR4 billion loan agreement signed last fall.