The budget deficit climbed to 7.12% of GDP after the first 11 months of 2024, compared to 6.19% of GDP after 10 months, or 4.58% of GDP in the same period last year, according to data released Tuesday by the Ministry of Finance.
"The execution of the general consolidated budget in the first eleven months of 2024 ended with a deficit of 125.72 billion RON, or 7.12% of GDP compared to the deficit of 73.55 billion RON, or 4.58% of GDP for the 11 months of 2023," states the cited source.
The total revenues amounted to 523.94 billion RON in the first eleven months of 2024, registering an advance of 12.7% (y-o-y), while the expenditures of the general consolidated budget totaled 649.66 billion RON, up in nominal terms by 20.6% compared to the same period of the previous year.
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