Romania’s budget execution improves, but sharp deficit contraction is driven by base effects
The general government budget deficit in Romania contracted by 57% y/y to nearly RON 24 billion (EUR 4.7 billion) in January-April, according to data published by the Finance Ministry. The deficit to GDP ratio decreased to 1.17% from 2.92%…
iulian ernst · Journalist
· Updated · 2 min read
The general government budget deficit in Romania contracted by 57% y/y to nearly RON 24 billion (EUR 4.7 billion) in January-April, according to data published by the Finance Ministry. The deficit to GDP ratio decreased to 1.17% from 2.92% in the same period of last year.
The detailed figures confirm positive developments in the execution of the budget, but a large part of the consolidation was achieved due to lower investments from the national budget and loans in the first four months this year – by some RON 10 billion, or nearly one-third of the annual decrease in the overall budget deficit.
