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Romania’s public deficit reaches 1.03 % of GDP in Q1
The general government budget deficit narrowed to 1.03% of GDP in the first three months of the year to reach RON 21.09 billion, the Finance Ministry announced on April 28. During the same period of last year, the country posted a deficit…
Simona Fodor · Journalist
· Updated · 2 min read
The general government budget deficit narrowed to 1.03% of GDP in the first three months of the year to reach RON 21.09 billion, the Finance Ministry announced on April 28. During the same period of last year, the country posted a deficit of RON 43.66 billion or 2.28% of GDP.
This is a 1.25 percentage point reduction in the budget deficit as a share of GDP, amid rising revenues and controlled spending, the ministry pointed out.
