During the Government Sitting of Wednesday, August 10, the Government adopted the budgetary revision, with Education and Healthcare receiving higher budgets. The budget revision coincided with reports about Romania's GDP growth, the 3% budget deficit and the alarming trade deficit. As the National Institute of Statistics (INS) confirms a spectacular economic growth of 6% during Q2, analysts claim that the spike is a delayed effect of the VAT decrease. The deficit increase caused by higher spending with social security services has also contributed to a consumption-based economic growth.
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