The budget project for 2020 is built on an economic growth of 4.1%, a budget deficit of 3.59% and an average inflation rate of 3.1%, according to the Report on the macroeconomic situation for 2020 and its projection on 2021-2023 published Tuesday morning on the website of the Ministry of Public Finance.
The projected revenues for 2020 are of 360.149 billion lei, with a share in GDP of 31.89%, and the expenses are estimated at 400.694 billion lei, respectively 35.48% of the GDP, according to Agerpres.

The target of cash budget deficit for 2020 is estimated at 3.59% of GDP (40.545 billion lei), and the ESA deficit at 3.58% of GDP, which will reach 1.94% of GDP in 2023 , thus complying with the provisions of the European regulations.

The current account deficit is forecast at 10.6 billion euro in 2020, with a share in GDP decreasing compared to the previous year, respectively 4.5%, with a balance of goods deficit of 7.7% of GDP.

The gross domestic product at current prices is estimated at 1,129.2 billion lei for 2020, increasing against the 1,040.8 billion lei value reported for this year.