The gap is slightly wider from a deficit of RON6.97 billion, or 1.15% of GDP reported at the end of July.

Total revenue to the consolidated budget rose 8% on the year to RON125.6 billion in the first eight months of the year, while overall expenditure was up 2.7% in nominal terms to RON132.8 billion.

Romania wants to reduce its budget gap to 2.2% of GDP in 2012, from 4.3% of GDP a year earlier. (EUR1=RON4.5144)

Subiecte #BUDGET#DEFICIT