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Tag: budget gap

Romania’s budget gap reaches 3.9% of the GDP after the first seven months

At the end of June, the budget gap stood at 3.3 percent of the GDP estimated for 2010. According to the ministry, the revenues of the general consolidated budget inched 1.2 percent in January-July from the same period last year, to 93.3 billion lei, while...

Romania’s budget gap widens to LEI 18.07bn in H1, below the threshold agreed with IMF

According to provisional data, the revenues estimated at the general consolidated budget amounted to 77.2 billion lei, 0.1 percent down from the same period in 2009. The fiscal incomes rose mainly on the value added tax (VAT) segment, where incomes advanced to -3.7 percent at...