10.3 C
March 25, 2023

Budget deficit in 2011, 4.35 pc of GDP

The execution of the general consolidated budget in 2011 ended with a deficit of RON 23.8 bln, namely 4.35 per cent of GDP, slightly below the 4.4 per cent of GDP target agreed with the IMF, the Finance Ministry data shows.

Budget revenues totaled RON 181.6 bln, 7.6 per cent higher compared to those registered the year before. Budget expenditures totaled RON 205.4 bln. The main expenditure hikes were registered mainly in the case of projects financed with EU funds (+47 per cent) and of interest payments (+22.1 per cent). Expenditures on goods and services grew by 7.5 per cent, given the payment of medical services and medical drugs. (A.B.)

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