The state expected to collect RON53.7 billion in general revenues in the July-September period, but took in only RON49.7 billion.
Meanwhile, state spending for the period reached RON51.3 billion, leading to a deficit of RON1.5 billion. The authorities expected a surplus of RON400 million in the third quarter.
For the January-September period, the imbalance was RON8.1 billion, or 1.3% of the country’s gross domestic product. The figure was below the target agreed with the International Monetary Fund.
The Romanian government approved Wednesday this year’s second budget revision. The authorities expect revenues to the consolidated general budget will be by RON3.4 billion lower than initially estimated, while expenditure is forecast to decrease by RON2.2 billion.
The 2013 budget deficit target was raised to 2.5% of GDP, from 2.3% of GDP previously. (EUR1=RON4.4306)