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FinMin Misa: second budget rectification this year is positive
The second budget rectification this year is positive and was aimed at meeting the 2.96pct deficit, Minister of Public Finance Ionut Misa said on Wednesday at the start of the Government's sitting.
"As to the budget rectification, this is the second one, and is also positive. I want to mention that this rectification was based on consultations with all the ministries and was aimed at meeting a deficit of 2.96pct of GDP, and we have succeeded in this. The economic results so far are a reason for the possibility of achieving an economic growth of 6.1pct compared to 5.6pct as originally estimated. Moreover, the GDP rose from the estimated 837.2 billion lei to 842.5 billion lei," said the minister of public finance at the request of Prime Minister Mihai Tudose.
Premier Mihai Tudose announced at the beginning of Wednesday's Government sitting that the economic growth in the third quarter of this year stands at 8.8 pct.
"Great piece of news (...) or very bad for those who wanted our violent end - 8.8 economic growth in the third quarter, as compared to last year's third quarter, which makes us hope for a 6 percent total growth for 2017. Not only did we not die, as some wanted, but on the contrary, we are in an enviable, third position in the world," PM Tudose stated.
According to the head of the executive the estimates for next year also look good.
"And since we are talking about economic growths and the budget, another bad piece of news (...) - bad for those who do not love us, good for those of good-faith - this year's budget, this year's budget exercise will close below 3 pct and (...) again, we are not doing badly for next year, quite the opposite, the figures look really well," Tudose further affirmed.