Boc Cabinet to convene on Thursday (Jan 22) in meeting

The Boc Cabinet will convene today in a meeting to discuss the draft 2009 Budget, which is expected to be finalised late this month.
The leaders of the ruling coalition of the Social Democratic Party (PSD) and the Democratic-Liberal Party (PD-L) gathered on Wednesday evening at the Government House in Bucharest to agree on budgetary details, which will most likely be discussed and approved at today's meeting.

Last Friday, the Government gave a first reading to the draft Budget so that the document may be submitted to Parliament for final approval on January 24.
The 2009 Budget is built on an estimated economic growth of 2.5%, an average inflation of 5%, a current-account deficit of 10.3% of the Gross Domestic Product (GDP), and a Government deficit of 2% of the GDP.

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