President Basescu: Demands of ministries might widen budget gap

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The demands made by the ministries for the 2009 budget might lead to a budget deficit of 9 percent, while the projections for the budget structuring targeted 2% gap, President Traian Basescu said on Friday (Jan 16) at a conference on concrete priorities and measures to combat the crisis staged by the Alliance of the Romanian Employers' Confederations.
 
"The urgency of setting the budget parameters as fast as possible has prompted the Government to hold a meeting today", the president added.
Basescu announced he had discussed with the prime minister and the finance minister late on Thursday about the need to approve the 2009 state budget fast.
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