Romania's five-month consolidated budget gap halves to 0.3pc/GDP

BUCHAREST: Romania ran a consolidated budget deficit of 0.3 percent of gross domestic product in the first five months, against a shortfall of 0.65 percent at the end of April, 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 was 2.17 billion lei ($543.49 million).

Revenues were at 12.1 percent of GDP, or 98.4 billion lei. Spending stood at 100.6 billion lei. The five-month shortfall compares with a deficit of 0.3 percent of GDP in the same period of last year.