Romania May Budget Gap At 1.36% Of The GDP

Romania’s general consolidated budget registered a deficit of 7.42 billion lei (EUR1.76 billion) at the end of May, namely 1.36% of the gross domestic product, higher than the 1.2% deficit previously announced by finance minister Gheorghe Ialomitianu.

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Compared to the previous month, the budget gap rose by more than RON3 billion, from 0.8% of the GDP.

The five-month deficit was the result of RON70.7 billion revenue and RON78.17 billion expenditure.

Romanian authorities agreed with the International Monetary Fund to keep the budget gap below 4.4% of the GDP this year.

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