News » January, 2011 » 27 January 2011
Romania's 2010 Budget Deficit Narrows To 6.5% Of GDP
27.01.2011, 20:19 | Finance-Banks | 897 views
Romania’s consolidated budget posted in 2010 a deficit of 33.3 billion lei (EUR1=RON4.2675), or 6.5% of the estimated gross domestic product, lower than the ceiling agreed with the International Monetary Fund, the Finance Ministry said Thursday. In its financing agreements with the IMF and the European Commission, Romania pledged to keep the budget deficit below RON34.6 billion. The deficit narrowed from 7.4% of GDP in 2009, due to higher revenue, the ministry said. Read more on Mediafax.ro
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