Sun, Nov 22 2009

Romania’s eight-month budget deficit at 4.5 per cent of GDP

Sat, Sep 26 2009 10:16 CET byThe Sofia Echo Staff 805 Views
Romania’s eight-month budget deficit at 4.5 per cent of GDP

Romanian workers attend the opening the Ford factory in Craiova, 230km east of Bucharest, September 8 2009. Ford Motor Co launched production at its Romanian plant in the southwestern city of Craiova, seeking to sell their award-winning Transit Connect van on Eastern European markets, officials said.

Romania’s consolidated budget deficit rose one percentage point in August, to 4.5 per cent of the gross domestic product, the finance ministry said in Bucharest on September 25 2009,

In nominal terms, the country's consolidated budget deficit rose to 22.3 billion lei (EUR 1 = RON 4.2046) in the first eight months, Romanian news agency Mediafax said, quoted by Bulgarian news agency Focus.
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At the end of July 2009, Romania's budget deficit was 3.31 per cent of GDP.

In January-August, total revenue to the general consolidated budget was 103.2 billion lei, while overall expenditure reached 125.59 billion lei in January-August.

The country's consolidated budget deficit end-August took into account the revised GDP forecast for 2009 to 497.3 billion lei.

Romanian finance ministry state secretary Gheorghe Gherghina told Mediafax mid-September, citing preliminary data, that Romania's consolidated budget deficit rose one percentage point in August, to 4.4 per cent of GDP.
 
 

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