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PM Boc: Romania will have a 3% budget deficit in 2012

Premier Emil Boc said in Ploiesti that in 2012 Romania would have a budget deficit of 3% and the economic growth prognosis for this year is 1.5-2% while for 2012 it is 3.5-4%, Mediafax informs.
The premier reasserted at a meeting with businessmen in Ploiesti that upon the revision of the Constitution PDL intends to support the “limitation of budget deficit to no more than 3% and of the maximum debt level at 60% of GDP, provisions adopted by EU in the Maastricht Treaty.
Boc added that those limitations were “barriers against the politicians’ populism”. The premier also said that if the government had continued the populist measures of 2008 Romania would have reached a budget deficit of 14% and that “Romania does not have problems financing the 4.4% budget deficit registered at present.”According to the premier, Romania will have a budget deficit of 3% in 2012 and the economic growth prognosis for 2011 is 1.5-2% while for 2012 it is 3.5-4%.
I am for the sale of minority stakes and preserving state control over strategic companies
Prime Minister Emil Boc said on Monday in Ploiesti that he is an advocate of transparent privatisations in the state's interest, underscoring that the Government should have a decisive word to say about strategic corporations. 'The Government should preserve its decisive word in some fields so that it may weather crises well. I am for the sale of minority stakes and preserving state control over strategic companies such as Transgaz, Romgaz and Transelectrica. I am an advocate of transparent privatisations in the state's interest,' Boc told a meeting with business people.

Criticising the privatisation of the Petrom oil company, Boc said it was sold for less than $700 million and now it is valued at 18 billion euros.'Europeans are laughing at the price at which the former Romanian Government sold Petrom. And those who did it sometimes are lecturing us,' said Boc.

He mentioned that the law on public-private partnerships, recently published in the Official Gazette, brings multiple opportunities to the business community.

'This instrument for public-private partnerships was one that modernised the European Union. It should also be a basis for Romania's modernisation,' said Boc.

He added that the main objectives of national relevance are the Comarnic-Brasov, Sibiu-Pitesti, Ploiesti-Buzau-Focsani, Targu Mures-Iasi-Ungheni motorways, as well as water power stations, road bridges, ring roads and a penitentiary in partnership with the Justice Ministry.

Besides these major objectives, Boc urged the county councils and mayoralties to conduct projects under public-private partnerships for facilities that cannot be achieved on public money from local budgets alone.

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