“Total revenue to the consolidated budget rose 8.1% to over RON125 billion in the first eight months of the year, while overall expenditure was up 2.8% to around RON133 billion,” the sources told Mediafax, citing preliminary data.
End-July, Romania ran a budget deficit of RON6.97 billion, or 1.15% of GDP.
The government wants to reduce the country’s budget gap to 2.2% of GDP in cash terms this year, from 4.3% of GDP a year earlier. (EUR1=RON4.4898)