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15:40, 1.08.2008 Romaniaas 1H Budget Def Rises To 1.18% Of GDP

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BUCHAREST / 15:40, 1.

08.2008 Romaniaa€™s general consolidated budget saw its deficit expanding to 1.18% of gross domestic product after the first half the year, compared with a deficit of 0.4% in January-May period, preliminary data from the Ministry of Economy and Finance showed.The deficit was the result of revenues worth 80.15 billion lei ($35.48 billion), or 18.2% of GDP and expenses worth RON85.34 billion, or 19.4% of GDP.Of total revenues, VAT collection contributed by RON20.22 billion to...

Read the whole story in: Mediafax