A month earlier, the budget gap stood at RON4.4 billion, or 0.8% of GDP.
Romania estimates a budget deficit of 4.4% of GDP in 2011, from a gap of 6.5% of GDP in the previous year. (EUR1=RON4.1554)
Macroeconomics
Ialomitianu: Budget Deficit Widens To RON6.7B In May
Romania’s consolidated budget posted a deficit of 6.7 billion lei (EUR1.6 billion) in the first five months, equal to 1.2% of the gross domestic product, Finance Minister Gheorghe Ialomitianu said Tuesday.