Romania's Budget Posts Deficit Of 1.2% Of GDP In Jan-May

Romania's budget deficit in January-May was 1.2% of the gross domestic product, compared to 0.8% in January-April, according to Finance Minister Gheorghe Ialomitianu.

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Imaginea articolului Romania's Budget Posts Deficit Of 1.2% Of GDP In Jan-May

Romania's Budget Posts Deficit Of 1.2% in Jan-May

Ialomitianu said Tuesday that the deficit in the first five months was 1.2% of the GDP, or 6.7 billion lei (EUR1.61 billion).

The deficit had dropped to RON4.4 billion at the end of April, or 0.8% of the GDP, from 1% of the GDP in the first quarter, thanks to a surplus of more than RON800 million in April, owing to reduced capital and personnel expenses, and lower subsidies.

(EUR1=RON4.1544)

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