Romania closed 2011 with a budget deficit of 4.35 percent of the GDP

The consolidated general budget in 2011 closed with a 23.8 billion lei, representing 4.35 percent of the gross domestic product, compared to a projected annual budget of 23..9 billion lei, representing 4.37 percent of the GDP, the Ministry of Public Finance said on Thursday. The revenues of the consolidated general budget amounting to 181.6 billion lei were 7.6 percent higher on a year-on-year basis in nominal terms and 0.3 percent higher as percentage within the GDP. ...

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