The gap is slightly wider from a deficit of RON6.79 billion, or 1.12% of GDP reported at the end of June.

Total revenue to the consolidated budget rose 8% on the year to RON110.4 billion in the first seven months of the year, while overall expenditure was up 3.4% in nominal terms to RON117.3 billion.

Romania wants to reduce its budget gap to 2.2% of GDP in 2012, from 4.3% of GDP a year earlier. (EUR1=RON4.4819)

Subiecte #BUDGET#DEFICIT