BUCHAREST: Romania met a target agreed with the International Monetary Fund to bring its budget gap below 3 percent of gross domestic product in 2012, its prime minister said on Thursday.
"For the first time since 2007 we have brought the budget deficit within the limit of 3 percent of GDP under European methodology," Victor Ponta told reporters.
Romania's budget gap was 1.8 percent of GDP in January-November 2012 in cash terms. Its full-year target is 2.2 percent in cash terms, which equates to 3 percent under European accounting standards.
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