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Romania's January-August budget deficit rises to 0.8 percent of GDP

Staff Writer |
Romania's consolidated budget recorded a deficit of 0.8 percent of gross domestic product at the end of August, compared with a shortfall of 0.4 percent in the same period of last year, finance ministry data showed.

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The deficit stood at 0.6 percent of GDP at the end of July. The ruling Social Democrats target a full-year deficit of 3 percent of GDP.

In nominal terms, the gap was 6.53 billion lei ($1.68 billion). Revenues were at 19.2 percent of GDP, or 160.37 billion lei.

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