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Romania’s public deficit hits 6.2% of GDP in January-October on robust expenditures

November 27, 2024

Romania’s general government budget deficit has widened by 74% y/y to RON 109 billion ( EUR 22 billion) in January-October, according to data published by the Finance Ministry. 

All categories of expenditures surged – the investment-related expenditures but also the current expenditures – while the current revenues increased by only a decent rate furthermore not matched by adequate absorption of EU funds.

Romania heads towards an 8%-of-GDP public deficit this year, estimated...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romania-public-deficit-january-october-2024
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