BNR governor believes faster growth could narrow deficit below 2%

“I believe we will have sufficient revenue, while Romania’s economy does not necessarily require a budget deficit at any cost. It is necessary to save the option to spend beyond revenues for difficult situations,” he added.

The European Commission (EC) was to pass a warning on Romania’s budget deficit on Wednesday.

Furthermore, Isarescu indicated that the growth rate of exports should be much higher than that of imports, to support the shift from an economic growth based on imports to growth based on exports. He added that economic policies should be adjusted to obtain growth based on productivity.