The finance ministry drafted the budget on a projected economic growth of 5.2% and a GDP of 815,195 billion lei (EUR181.55 billion). The budget draft envisions a deficit of 2.96% to stay within the EU limit of 3%. It sees government debt at 37.7% of GDP.
It also considers an inflation rate of 1.4% and an unemployment rate of 4.3%. Romania’s consumer price index reached an annual rate of -0.5% in December 2016 and the central bank sees the indicator at 2.1% at the end of 2017.