The budget revision raises the country’s deficit to 2.5% of the gross domestic product from 2.3% of GDP.
Compared to the parameters approved at this year’s first budget revision, estimated revenues to the consolidated budget are lowered by RON3.4 billion and expenses are lowered by RON2.2 billion. The deficit is now seen at RON15.9 billion and the GDP at RON625.6 billion.
The first budget revision this year was made in July and set a budget deficit of 2.3% of the gross domestic product in 2013. The country’s GDP was seen at RON626.2 billion in 2013.