Romania's Jan-Apr cons budget gap narrows

Debt

Romania's consolidated budget was in deficit equivalent to 1.23% of the gross domestic product (GDP) at the end of April, compared to a budget gap of 1.75% of GDP a year earlier, the Finance Ministry said on Thursday.

The consolidated budget deficit totaled RON 16.33 billion (EUR 3.3 billion), as revenue for the first four months of 2022 rose 22% year-on-year to RON 144.4 billion, whereas spending increased by 15.6% to RON 160.7 billion, the ministry said in a press release.

Romania closed 2021 with a consolidated budget deficit of 6.72%, compared to a budget gap of 9.61% of GDP in 2020. 

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