Romania’s state budget

“The best possible budget at this moment” – this is how Social Democrat Prime Minister Victor Ponta has described the state budget for 2013, which Parliament passed with a wide majority. The budget is based on an economic growth rate of 1.6% of the GDP, an average inflation rate of 4.3% and a deficit of 2.1% of the GDP.

The average currency exchange rate is estimated in 2013 at 4.5 Romanian Lei against the Euro.

Faced with time constraints but tapping into its overwhelming strength in Parliament, the Social Liberal majority passed the budget bill without adopting a single amendment of the over 10,000 proposed by the Liberal Democratic opposition.

This has given rise to heated debates and harsh exchanges. The leader of the Liberal Democratic MPs, Mihai Stanisoara.

Mihai Stanisoara: “We have submitted over 10,000 amendments, each with good reason. They reflect the needs of all social categories of Romanians.”

More on RRI.