BUCHAREST, Aug 30 (Reuters) - Romania’s consolidated budget ran a deficit of 1.3 percent of gross domestic product at the end of July, after a shortfall of 1.6 percent at the end of June, the finance ministry said on Thursday.
In nominal terms, the deficit stood at 11.9 billion lei ($2.99 billion). Revenues stood at 17.0 percent of GDP, or 161 billion lei. Spending was about 173 billion lei.
The Social Democrat government targets a deficit of just under 3 percent of GDP, the European Union’s ceiling. ($1 = 3.9853 lei) (Reporting by Radu Marinas)