The bill must now be signed into law by the president.
The plan targets a budget deficit of 2.8% of gross domestic product and considers an economic growth projection of 4.1%.
Romania’s technocrat government, instated in November with a limited mandate until the country holds general elections in December 2016, has had to accommodate tax cuts, including a cut in value-added tax from 24% to 20%, and public sector wage hikes ranging from 10% to 25%.