Romanian PM says a 2020 budget deficit below 3pc/GDP unrealistic

• Romania's budget plan for 2020, will take the consolidated deficit as close to 3pc of gross domestic product as possible.
• A budget revision for 2019. should be approved this week.

BUCHAREST: Romania's Liberal minority government will lower the consolidated budget deficit target for 2020, but setting it below the EU's ceiling of 3pc of gross domestic product would be unrealistic, Prime Minister Ludovic Orban said on Wednesday.

Romania's budget plan for 2020, will take the consolidated deficit as close to 3pc of gross domestic product as possible, from a touch over 4pc at the end of this year, Finance Minister Florin Citu said on Monday.

A budget revision for 2019 should be approved this week.