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Romania to Cut 2013 Budget Gap to 1.7% of GDP, ZF Says

Nov. 12 (Bloomberg) -- Romania plans to lower its budget deficit to 1.7 percent of gross domestic product next year, Ziarul Financiar reported, citing Deputy Finance Minister Liviu Voinea.

The country seeks to continue a fiscal adjustment program in 2013 and reduce the gap from an estimated 2.2 percent of GDP this year, without cutting wages of public employees or increasing a value-added tax, Voinea said, according to the Bucharest-based newspaper.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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