H1 budget deficit at 2.07 pct of GDP, below limit negotiated with IMF

The H1 general budget deficit stood at RON 11.3 billion, ie 2.07 pct of GDP, below the RON 12.6 bln deficit target set forth in the Supplementary letter of intent to the International Monetary Fund (IMF), shows operative data given to publicity by the Ministry of Public Finance (MFP) on Monday.Budget revenues totaled RON 85 billion, 9.6 pct higher from the previous year, mainly due to higher collections from VAT (31.5 pct), excise taxes (27.1 pct) and the capital tax (58.9 ...

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