Finance Minister: Q1 budget deficit as per plan
After the first two months of the year, Romania‘s budget deficit is 1.1 percent of GDP and budget revenues were lower than expected. In nominal terms, the budget deficit over the first two months is 5.8 billion lei, and the target established with the IMF for the first quarter is 8.25 billion lei.
Revenues in the first two months of the year were 25.2 billion lei, down three percent from the same period of the previous year, or down 0.5 percentage points of the GDP. Consolidated budget spending between January 1 – February 28, 2010 was 31 billion lei, up 5.8 percent compared to the same period of the year before.