The state spent 5.5 billion euros more than it collected in 2011

The state spent 5.5 billion more than it collected in 2011 but remained within the budget deficit targets agreed during the assistance programmes with the international bodies. Government sources told Agerpres on Wednesday, January 18 that the preliminary data show a cash deficit of 4.35 percent of the Gross Domestic Product, namely 23.8 billion lei, more or less. Same as every year, the state gave the green light to expenditure in December when the deficit went up by 7.5 ...

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