According to this year’s draft budget, Romania’s economic growth forecast was revised down to 1.6% in 2013, from 1.8% initially.
The estimate on the gross domestic product was also reduced to 623.3 billion lei (EUR143.4 billion), compared with RON629 billion advanced earlier this month.
The government expects total revenue to the consolidated budget of RON209.2 billion in 2013, equal to 33.6% of GDP, while overall expenses are predicted at RON226.2 billion, or 35.7% of GDP.
Romania targets a budget deficit of 2.1% of GDP, wider from 1.8% of GDP estimated for 2012. (EUR1=RON4.3727)