Budget revenues are below estimations and the government will reduce expenditure for most ministries, the people told Mediafax.
They said the good farming output wasn’t enough to boost revenues, mostly because the sector is under-taxed.
“Overall revenues are lower by 700 million lei (roughly EUR161 million) compared to initial estimations, which will prompt a negative revision of the budget either by increasing spending cuts or by widening the deficit target,” the mentioned people said.
Romania has pledged to lower its budget gap to 4.4% of the gross domestic product in 2011, from 6.5% of GDP a year earlier.
The country’s first budget revision was made in August, when the government supplemented public expenditure by over RON3 billion to finance investments and accommodate the payment of arrears.