Romania Posts 2% GDP Growth In 2011, Budget Deficit Below 4.4% Of GDP - PM
Romania posted an economic growth close to 2% in 2011 and it has kept the budget deficit below the target of 4.4% of the gross domestic product, Prime Minister Emil Boc said Wednesday.
Romania aims this year, amng others, to draw around EUR7 billion in EU funding, so that its absorption rate will rise to 20%, Boc said at the start of the first government meeting in 2012.
Other objectives mentioned by the prime minister included the continuation of fiscal reform, of state-owned company restructuring and of healthcare reform. In addition, the government plans to apply the Education Law, the Labor Code and the Social Dialogue Law, as well as fight tax evasion on the excise segment.
“I want (the fiscal watchdog) ANAF and the Finance Ministry to know we will be watching everything related to tax evasion,” Boc said.
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