July 26, 2018 / 6:22 PM / in 3 months

Romania's budget deficit widens to 1.6 pct/GDP in H1

BUCHAREST, July 26 (Reuters) - Romania’s consolidated budget ran a deficit of 1.6 percent of gross domestic product at the end of June, after a shortfall of 0.9 percent at the end of May, the finance ministry said on Thursday.

In nominal terms, the deficit stood at 14.97 billion lei ($3.76 billion). Revenues stood at 14.2 percent of GDP, or 132 billion lei. Spending was 147 billion lei.

The Social Democrat government targets a deficit of just under 3 percent of GDP, the European Union’s ceiling. ($1 = 3.9774 lei) (Reporting by Radu Marinas)

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