Romania's Draft 2019 Budget Built on 5.5% GDP Growth, Targets 2.55% of GDP Deficit

Romania's government targets a deficit of 2.55% of gross domestic product and expects economic growth of 5.5%, according to the 2019 state budget plan published late on Thursday.

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It sees inflation at 2.8% this year, close to the central bank's projection of 2.9%.

Consolidated budget revenues are projected at RON341.4 billion, or 33.4% of GDP, and expenses are seen at RON367.5 billion, or 35.9% of GDP.

Romania's general consolidated budget posted a deficit of RON27.3 billion in 2018, or 2.88% of gross domestic product, below the government's target of 2.97% of GDP and the EU limit of 3%, finance ministry data showed last week.

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