Eurostat: Romania, the highest budget deficit in the EU in Q2 – 4.1pc

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The European Commission estimates that Romania has concluded Q2 2017 with a 4.1% seasonally adjusted budget deficit, the highest in the European Union, Eurostat figures released on Tuesday reveal.

Eurostat has revised also the statistics for Q1 to 3.6% against the previous estimation of 3.2%.

Romania is thus the country with the highest budget deficit in the EU, followed by the UK with a deficit of 3.4%.

The figures are calculated on the basis of ESA 2010 (European System of Accounts).

The budget deficit target assumed by the PSD-ALDE ruling coalition for 2017 was of 2.98% through the ESA methodology or 2.96% of GDP by the cash methodology.

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