“End-June, Romania reported a budget deficit equal to 1.2% of the gross domestic product, narrower from 1.19% of GDP in May. This means we ran a surplus of RON400 million in June,” Georgescu told reporters.
It was the second monthly surplus recorded this year, after a RON1 billion excess posted in January.
Georgescu said total revenue to the consolidated budget rose by 0.5 percentage points to 15.3% of GDP in the first half of 2012, from 14.8% of GDP in the year-ago period.
At the same time, overall expenditure edged down to 16.4% of GDP, from 16.7% of GDP in the first half of 2011.
Romania wants to reduce its budget gap to below 3% of GDP in 2012, from around 4.4% of GDP a year earlier. (EUR1=RON4.6186)