Romania: Budget Gap Revised

Politics ♦ Published: October 31, 2013; 07:32 ♦ (Vindobona)

In 2013, Romania´s fiscal shortfall is projected to reach 2.5% of GDP.

Romania: Budget Gap Revised / Picture: ©

As public revenues are lower than expected, Romania´s government had to revise its planned budget deficit. The planned fiscal shortfall was raised from 2.3% of GDP to 2.5% of GDP. This was already the second revision in 2013. In the first nine months of 2013, the total fiscal shortfall came at € 1.8bn, which corresponds to 1.3% of GDP.

According to the Romanian Ministry of…