POST Online Media Lite Edition



 

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.

Article continues below






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.


What to read next

Russian budget deficit revised lower
Russian ministry predicts budget deficit to hit $48 billion
Russia's budget deficit to reach $21 billion in 2016