If adjusted to the volume of the investment expenditure in the first quarter, the budget deficit meets the target agreed with the International Monetary Fund, the ministry said in a release.
Total revenue to the consolidated budget rose 9.9% on the year to RON45.7 billion in the January-March period, while overall expenditure was up 4.9% in nominal terms to RON49.1 billion.
Romania wants to reduce its budget gap to below 3% of GDP in 2012, from around 4.4% of GDP a year earlier. (EUR1=RON4.3778)