A joint action plan aimed at bringing the budget deficit down to 4.4% of GDP this year was agreed upon by new prime minister Marcel Ciolacu after the talks with central bank (BNR) governor Mugur Isarescu, government sources said, quoted by Agerpres.

The ruling Social Democratic party unveiled an economic strategy for the next year and a half, envisaging bringing down the budget deficit to under 3% of GDP in 2024 and lowering the inflation to under 8% by the end of this year.

The meeting at the Victoria Palace was also attended by Senate speaker and former prime minister Nicolae Ciuca, deputy prime minister Marian Neacsu and ministers Marcel Bolos 9finance) and Adrian Câciu (investments).

The Government officials announced, among others, that the second disbursement under the European Union’s Resilience facility is expected by the end of this month.

iulian@romania-insider.com

(Photo source: Gov.ro)