The mid-year budget deficit rises to 1.94 pct of GDP on high public wages, pensions

The budget deficit increased to RON 19.96 billion or 1.94 percent of the gross domestic product in the first six months of 2019, according to data from the Finance Ministry, which represents a 38.5 percent rise compared to the deficit of 1.4 percent of GDP recorded in the previous month. Compared to H1 2018, when the fiscal gap totaled RON 14.97 billion, the public deficit rose by 33.4 percent. The government estimates a deficit ...

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