Romania’s Govt Approves Third Budget Revision

The budget deficit will be left unchanged at 2.3%, but the gross domestic product (GDP) will be around RON500 billion, Vosganian explained.

 

Romania reported an economic growth of 8.8% in the first half of the year, driven by 9.3% growth in the second quarter, following a good agricultural year.

 

The Romanian budget deficit was 0.64% of gross domestic product in the first seven months of 2008, finance ministry data showed, while in the first half of the year, the budget deficit stood at 1.18% of GDP.