Transport Minister Berceanu: ‘A 0.2-percent rise in deficit is sustainable’

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Minister of Transport and Infrastructure Radu Berceanu said on Friday in Cluj-Napoca that the International Monetary Fund (IMF) has agreed on Romania increasing infrastructure investment, but it requests that any such rise should be doubled up by a cut in Government spending.

‘The IMF agreed on increased infrastructure investment.
I have not said anything else. It was the Mediafax news agency to do so and you have followed its lead.

I said I asked the IMF to allow us to draw more money for infrastructure from the loans already taken from the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).

They agreed, on condition that Government spending be cut to an equal extent,’ said Berceanu.
He argued that a rise of 0.2 percent in the Government deficit is not a negative thing and it is economically sustainable, given that the funds are earmarked for infrastructure projects.

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