April 27, 2018 / 6:03 PM / 7 months ago

Romania records 0.5 pct/GDP budget deficit at end-March - finmin

BUCHAREST, April 27 (Reuters) - Romania’s consolidated budget ran a deficit of 0.5 percent of gross domestic product at the end of March, after a shortfall of 0.6 percent at the end of February, the finance ministry said on Friday.

In nominal terms, the deficit stood at 4.46 billion lei ($1.16 billion). Revenues stood at 7.2 percent of GDP, or 66.4 billion lei. Spending was 70.8 billion lei.

The Social Democrat government targets a deficit of just under 3 percent of GDP, the European Union’s ceiling. ($1 = 3.7360 lei) ($1 = 3.8483 lei) (Reporting by Radu Marinas)

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