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Romania's public deficit tops 7% of GDP in Jan-Nov
Romania's public deficit surged 71% y/y to RON 126 billion (EUR 25.3 billion) in January-November, particularly due to expenditure-side elements, reaching 7.1% of the year's estimated GDP in the first eleven months of the year from 4.6% of…
iulian ernst · Journalist
· Updated · 3 min read
Romania's public deficit surged 71% y/y to RON 126 billion (EUR 25.3 billion) in January-November, particularly due to expenditure-side elements, reaching 7.1% of the year's estimated GDP in the first eleven months of the year from 4.6% of GDP in the same period of 2023.
The nominal GDP is estimated to have advanced by 10% y/y nominally and by 1% in real terms in 2024.
