Romania’s next year’s budget, drafted by the former Finance Minister Eugen Teodorovici, estimates a budget deficit of 3% of the GDP and an economic growth of 4.1%, which will be stimulated by consumption and investments.

The budget draft took into consideration a GDP of about EUR 168 billion for the next year, reports local Mediafax.

The project includes all the approved salary increases, including the 25% wage increase for the employees in the public healthcare system, a 15% wage increase in education, and a 10% salary hike for the rest of the public sector employees.

The annual average inflation is estimated at 0.5% and the average exchange rate considered is RON 4.44/1 EUR.

Former Finance Minister Eugen Teodorovici presented yesterday the results of his mandate.

editor@romania-insider.com