The GEA representative explained that the budget deficit was not entirely tantamount to the public deficit and said that, although many European Union member states exceeded the limit of 3% of the GDP, which was imposed by the Stability Pact, Romania's deficit must be below one percent of the GDP.
"This deficit is a starting deficit for Romania, that is, we have an under average deficit indeed, but we also have an underdeveloped infrastructure, we also have a low capacity of absorbing the community funds and then any cautious man may say, 'You must incur those expenses, they are necessary, and implicitly you must increase the budget incomes too,'" said Voinea.
Romania is on the lower limit both as regards incomes and as regards the budget expenses in point of their share in the GDP, also said the GEA executive manager.
