Gov't deficit rises to 3.59pct of GDP five months into 2020

Romania's consolidated budget showed a deficit equivalent to 3.59% of the projected 2020 gross domestic product (GDP) in the first five months of the year, compared to a gap of 1.4% of GDP in the like period of 2019, the finance ministry said on Friday. Almost half of the deficit was generated by exceptional spending by the government in order to curb the economic effects of the coronavirus pandemic, the finance ministry said in a press ...

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