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Romania Budget Gap Narrows To RON13.3B In October

Romania’s consolidated budget posted a deficit of 13.3 billion lei (EUR3.05 billion) in the first ten months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Monday.

Florentina Dragu · 28 noiembrie 2011 · 1 min de citit

End-September, the budget gap stood at RON13.7 billion, or 2.5% of GDP.

Total revenue to the consolidated budget rose 8.6% on the year to RON148.7 billion in the first ten months, while overall expenditure was up 0.9% in nominal terms to RON161.96 billion.

In real terms, however, budget spending fell by 1.7 percentage points in January through October, the ministry said.

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