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The budget execution so far is worrying, we will continue to have an increase on the deficit at 10-month and the situation confirms our greatest fears, Public Finance Minister Florin Citu told a news conference on Wednesday.
The general consolidated budget ended the first nine months of this year with a deficit increasing to 2.6 percent of the Gross Domestic Product (GDP), 26.97 billion lei, respectively, a figure which represents an increase of 60 percent against the same period of last year, the data recently published by the Public Finance Ministry showed.
Between January-September 218, the consolidated budget recorded a 16.8 billion lei deficit, 1.77 percent of the GDP, respectively.
