The newly designated government of Romania, formed of the Social Liberal Union (USL) alliance and led by Victor Ponta, eyes an average annual economic growth of 3% for 2013-2016 and maintaining an ESA-system budget deficit of under 3% until 2016, according to the USL governing program, published by the government on Thursday.
It eyes reaching a structural budget deficit of 0.7% of GDP in 2014 and keeping it at that level in 2015 and 2016, but also reaching a "lower VAT level for basic food products within the limits of fiscal necessities" on the average term.
On research, the government wants to group all research institutions controlled by ministers and governmental agencies under the Education, Research and Innovation ministry.
On European funds, the Government eyes an absorption rate for non-reimbursable structural and cohesion funds of 50-80% by 2015.
Read more: Romanian government presents program: Average economic growth of 3% in 2013-2016, budget deficit below 3% - Business - HotNews.ro
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