Wednesday, December 17, 2008

Romania finmin sees 2008 budget gap at 3-4 pct/GDP

BUCHAREST, Dec 17 (Reuters) - Romania's 2008 budget deficit is seen exceeding European Union's Maastricht ceiling of 3 percent of gross domestic product and could rise to up to 4 percent, the outgoing finance minister said on Wednesday.

'If tax collection is better in December than in November, then the deficit will be between 3 and 3.5 percent of GDP, if not, between 3.5 and 4 percent,' Varujan Vosganian said.

Romania's budget deficit target was 2.3 percent of GDP.

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