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Romania’s public deficit hits 6.2% of GDP in January-October on robust expenditures
Romania’s general government budget deficit has widened by 74% y/y to RON 109 billion ( EUR 22 billion) in January-October, according to data published by the Finance Ministry.
iulian ernst · Journalist
· Updated · 2 min read
Romania’s general government budget deficit has widened by 74% y/y to RON 109 billion ( EUR 22 billion) in January-October, according to data published by the Finance Ministry.
All categories of expenditures surged – the investment-related expenditures but also the current expenditures – while the current revenues increased by only a decent rate furthermore not matched by adequate absorption of EU funds.
