AcasăEurope NewsRomanian Ministry of Finance: Budget deficit up to 2.4% of GDP, after...

Romanian Ministry of Finance: Budget deficit up to 2.4% of GDP, after first eight months

Published on

The general consolidated budget deficit increased to 2.4% of the Gross Domestic Product after the first eight months of this year, from 1.94% of the GDP in the first seven months, according to the data published on Monday by the Ministry of Finance, Agerpres reads.

Compared to the similar period last year, when the budget balance accounted for 3.3% of GDP, the budget deficit declined between January and August.

„The execution of the general consolidated budget in the first eight months of 2022 ended with a deficit of 32.98 billion RON, down from the deficit of 39.36 billion RON recorded in the same period of 2021. Expressed as a percentage of the Gross Domestic Product, the budget deficit registered a decrease of 0.93 percentage points in the first eight months of 2022 compared to the same period of 2021, from 3.33% of GDP to 2.40% of GDP,” states the Ministry of Finance.

The revenues of the consolidated general budget totaled 293.85 billion RON in the first eight months of 2022, 22% above the level collected in the same period last year, and expenditures totaled 326.83 billion RON, up 16.7% in nominal terms compared to the same period of the previous year.

The deficit target for the current year is 5.8% of GDP.

Agerpres

Latest articles

Romanian National News Agency (Agerpres) & Moldovan state agency (Moldpres) – sign new collaboration agreement

AGERPRES special correspondent Cristian Lupascu reports: AGERPRES Romanian National News Agency has signed on...

President Iohannis meets Emirati PM on Romania-UAE development, education co-operation

On an official visit to the United Arab Emirates (UAE) on Tuesday, Romania's President...

Romanian Defense Ministry demands that Parliament okays acquisition of weapon systems, air-to-air missiles, combat vehicles

The Ministry of National Defense (MApN) requested the approval by the Parliament for the...

Bucharest Stock Exchange closes higher Tuesday’s trading session

The Bucharest Stock Exchange (BVB) closed Tuesday's trading session higher on almost all indices,...

More like this

Romanian National News Agency (Agerpres) & Moldovan state agency (Moldpres) – sign new collaboration agreement

AGERPRES special correspondent Cristian Lupascu reports: AGERPRES Romanian National News Agency has signed on...

President Iohannis meets Emirati PM on Romania-UAE development, education co-operation

On an official visit to the United Arab Emirates (UAE) on Tuesday, Romania's President...

Romanian Defense Ministry demands that Parliament okays acquisition of weapon systems, air-to-air missiles, combat vehicles

The Ministry of National Defense (MApN) requested the approval by the Parliament for the...