The gap is marginally wider from a deficit of RON7.17 billion, or 1.18% of GDP reported at the end of September.

In annual terms, Romania’s budget deficit narrowed by RON6.1 billion in January through October, the data showed.

Total revenue to the consolidated budget rose 7.2% on the year to RON159.4 billion in the first ten months of the year, while overall expenditure was up 2.9% in nominal terms to RON166.6 billion.

Romania wants to reduce its budget gap to 2.2% of GDP in cash terms at the end of December, from 4.3% of GDP a year earlier. For 2013, the country targets a deficit of 1.7% of GDP. (EUR1=RON4.5313)

Subiecte #BUDGET#DEFICIT