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

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Staff Writer | September 26, 2017
Romania raise GDP
Europe   The gap was 6.53 billion lei

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.

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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