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Budgetary deficit of 33.3 billion lei at the end of 2010, below the limit set with the IMF
27.01.2011, 19:07 | Finance-Banks | 808 views
Romania’s general consolidated budgetary deficit amounted to, at the end of last year, to 33.3 billion lei representing 6.5% of GDP below the limit agreed with the IMF, a press release of the Finance ministry reads. The deficit target in the supplementary letter to the stand by agreement with the IMF was of 34.6 billion lei. According to data, budgetary spending was 2019 billion lei while revenues totaled 168.6 billion lei. Revenues cashed at the general consolidated budget are 7.2% higher than those cashed in last year and spending increased by 4.2%. Important decreases of the fiscal revenues are observed, compared to 2009. Read more on Hotnews.ro
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