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Friday, November 19, 2004

Budget deficit hits 0.3% of GDP

The general consolidated budget accounted for 5,882 billion ROL at the end of September, thus attaining 0.3% of the Gross Domestic Product (GDP), slightly up from 0.2% the eight month result, the Finance Ministry said in a release.

In September, the difference between the expenditures and the revenues in the consolidated budget went up by 1,844 billion ROL.
In the January-September period, the negative balance of the state budget hit 7,805 billion ROL, down by 1,584 billion ROL as compared to August this year.

The revenues collected by the general budget represent 74.5% of the annual estimates, namely 509.106 billion ROL.
Compared to the nine months in 2003, this year's budget revenues rose by 25.7%, in nominal terms, 0.8% of GDP.

Posted by Iulia Rasoiu : 11/19/2004 03:25:00 pm