The Government has approved the draft state budget for 2016

The Cabinet of Ministers approved the draft law on state budget for 2016 on revenues of 31.37 billion lei and on expenses amounting to 35.56 billion lei, with a deficit worth 4.18 billion lei.

The state budget for 2016 was built on a slight economic growth of 1.5 percent, an inflation rate of 10.5 percent and an exchange rate of 21.1 lei per USA dollar. For 2016 the average monthly wage in the economy is expected to reach 5050 lei, up from 9.5 percent in 2015 in nominal values.

The draft law on state budget is to be examined and adopted by Parliament.