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BAZNA, Romania, Dec 14 (Reuters) - Romanian Finance and Economy  Minister Varujan Vosganian said on Friday he will try to keep next year’s  consolidated budget deficit below the target of 2.7 percent of gross  domestic product.

“It (the deficit) must relate to inflation developments. I will watch  that I have as many savings possible so that the deficit is below  target,” Vosganian told a news conference in Bazna, central Romania.

Vosganian also said a credit rating downgrade for the new European  Union member would be unjustified.  Standard & Poors revised its outlook on Romania to negative from stable  last month, saying the government was not responding properly to  counter the double digit external gap.

“There is no reason to downgrade Romania’s rating. Excepting the issues  related to the current account deficit, Romania’s performance is good.   “I do not see any reason that Romania would be sanctioned, other than  the impression created by internal political disputes.”

(Reporting by Marius Zaharia; Editing by Ron Askew)

Categories: Grupa IV
Tags: economie, finante, inflatie, leu, prognoza