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Budget deficit of RON 5.1 bn, or 0.63 pc of GDP, after 7 months

1.54pc of GDP budget deficit in 8 months

The execution of the consolidated general budget in eight months of 2018 shows a deficit of RON 14.6 billion, i.e. 1.54% of GDP, more than double against the similar period last year, of RON 6.5 billion (0.76% of GDP), the Finance Ministry has informed on Friday.

The deficit has grown against the first six months of 2018, when it was of RON 11.9 billion, i.e. 1.26% of GDP.

The revenues of the consolidated general budget were of RON 182.4 billion, i.e. 19.3% of GDP, by 13.7% higher in nominal terms against the similar period last year.

The expenditures of the consolidated state budget amounted to RON 196.9 billion, by 18% higher than in the same period last year.

Interest rates were higher by 21.3% against the same period last year, representing 1% of GDP.

The expenses on investments, including capital expenditures and the development programmes funded by internal and external sources, amounted to RON 12.8 billion, by 22.5% higher than in the same period last year.

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