Property in Romania

Budget deficit in Romania

Encouraging figure for the Romanian economy: the fiscal deficit has declined. In late October 2011, it stood at 2.4% of Romanian GDP, against 2.52% in September

According to figures published by the Ministry of Economy and Public Finance, the deficit since the beginning of the year reached $ 13.3 billion lei: government revenue, which totaled 148.7 billion lei, increased by 8.6% over the same period in 2010, while spending rose only 0.9%. Romania is so far its target for 2011 to a deficit of 4.4% of GDP over the year.

Date posted: December 8, 2011