Budget deficit, 4.03% of GDP after first 10 months of 2021

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Budget deficit, 4.03% of GDP after first 10 months of 2021

Execution of the consolidated general budget in the first 10 months of 2021 ended with a deficit of 47.98 billion lei (4.03% of GDP), dropping from the deficit of 74.04 billion lei (7.01% of GDP), registered during the same period of 2020, of Finance informs.

During the first 9 months of 2021 the budget deficit was 44.29 billion lei (3.77% of GDP).

The Ministry of Finance informs that this evolution was determined by: increase of budgetary revenues by 1 percentage point of the GDP (year/year), mainly influenced by the advance of VAT receipts; budgetary expenses cuts…

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