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The budget deficit rose by 50 pct in January-August

Romania’s budget deficit rose by 50.6 percent in January-August compared with the first eight months of last year, to RON 21.9 billion (EUR 4.6 billion), as the government has major difficulties to cover soaring wage and subsidies spending. In January-August 2018, the budget deficit amounted RON 14.6 billion. Official data show that budget revenues rose by 11.9 percent year-on-year in January-August up to RON 204.1 billion (EUR 43 billion) while expenses increased by ...

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