Romanian parliament to discuss 2013 budget planning starting January 21.

By bne IntelliNews January 7, 2013
Romania's parliament will be summoned on January 21 to discuss and endorse the government's budget planning for 2013, PM Victor Ponta was quoted as saying by news agency Mediafax. The government has not yet made public its fiscal draft for the year. December's parliamentary elections delayed by law the statutory mid-October deadline for this year's budget draft to 15 days after the formation of the new government. The IMF expert team is expected to arrive in Romania on January 15 to discuss, among others, the government's budget planning for this year. In earlier statements, the cabinet of PM Ponta mentioned an ambitious 1.7%-of-GDP cash budget deficit for 2013 versus 1.8% of GDP previously discussed with the Fund. Nonetheless, more recent unofficial information [mentioned among others by Mediafax] indicate that Romania's government will propose a looser deficit of "at least 2% of GDP" during the coming discussions with the IMF.

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