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World

Romania records 2.7 pct/GDP budget deficit in Jan-Nov

BUCHAREST: Romania's consolidated budget deficit widened to 2.7 percent of gross domestic product in the first 11 months

Dec 31 2018

BUCHAREST: Romania's consolidated budget deficit widened to 2.7 percent of gross domestic product in the first 11 months from a shortfall of 2.2 percent at the end of October, finance ministry data showed on Monday.

The government targets a full-year deficit of just under 3 percent of GDP. In nominal terms, the gap at the end of November stood at 26 billion lei ($6.38 billion).

Revenues were at 27.5 percent of GDP, or roughly 261 billion lei. Spending stood at 287 billion lei.

Copyright Reuters, 2018