March 27, 2020 / 6:16 PM / 2 months ago

Romania records 0.7%/GDP fiscal deficit in Jan-Feb

BUCHAREST, March 27 (Reuters) - Romania recorded a consolidated budget deficit of 0.7% of gross domestic product at the end of February against a slim, 0.04% shortfall in January, the finance ministry said on Friday.

The ministry said the gap was 8.3 billion lei ($1.91 billion) in nominal terms, with budget spending accounting for 5.2% of GDP to reach 59.6 billion lei in January-February.

ING Bank said in a note the “year-end fiscal gap which we think could land anywhere between 7 and 9% of GDP. It depends not only on the already difficult to predict GDP dynamics, but also on how revenues will perform in this unprecedented coronavirus-related) situation.” ($1 = 4.3531 lei) (Reporting by Radu Marinas)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below