Gov't deficit at 2.89% of GDP seven months into national budget implementation
Publicat:The implementation of Romania's aggregate national budget in the first seven months of 2021 ended with a government deficit of 33.97 billion lei (2.89% of GDP), down from 49.68 billion lei (4.71% of GDP) seven months into 2020, the Finance Ministry announced on Thursday, agerpres reports. "This positive trend was determined by an increase in government revenues by 1.38 percentage points of GDP y-o-y, mainly influenced by an advance in Value-Added-tax (VAT) revenues and European funds, as well as by a cut in government outlays by 0.44 percentage points from GDP, as staff expenditure decreased.…
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