Tuesday, March 24, 2009

Romania, IMF negotiate 4.6%/GDP budget gap -c.bank advisor

BUCHAREST, March 24 (Reuters) - Romania and the IMF have negotiated a government budget deficit of 4.6 percent of gross domestic product, reflecting an estimated GDP contraction of 4 percent for 2009, a central bank adviser said on Tuesday.

'In December data made plausible an economic growth of some 2 percent and the government wished to follow the right direction approving a deficit goal of 2 percent,' Lucian Croitoru, an adviser to governor Mugur Isarescu told Business Standard.

'But apparently ... the budget deficit negotiated with the IMF is 4.6 percent of GDP.'

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