Romania’s public deficit hits 5.4% of GDP in January-September
Romania’s general government budget deficit has widened by 70% y/y in the first nine months of 2024 to RON 96.2 billion (over EUR 19 billion), according to data published by the Finance Ministry.
iulian ernst · Journalist
· Updated · 2 min read
Romania’s general government budget deficit has widened by 70% y/y in the first nine months of 2024 to RON 96.2 billion (over EUR 19 billion), according to data published by the Finance Ministry.
The revenues increased by 13.0% y/y to RON 416 billion, and the tax revenues alone rose by 14.3% y/y, which is not a bad performance. Income and profit tax revenues rose by 20% y/y while VAT and excise taxes by over 17% y/y. The fewer revenues from special taxes charged during the past years dragged the overall revenues figure down to an overall y/y advance of only 13.0% y/y.
