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Romaniaʼs Jan-July budget deficit at 4.7% of GDP

The execution of the general consolidated budget in the first seven months of 2020 has reported a deficit of RON 49.68 billion (EUR 10.26 billion), or 4.7% of the gross domestic product (GDP), Romania Journal reports, citing data published by Romaniaʼs Ministry of Public Finance. 

According to the ministry, sums worth RON 27.01 billion (2.55% of the GDP) were left in the economic environment by fiscal facilities, investments and exceptional costs adopted to combat the effects of the COVID-19 epidemic.