Romania’s public deficit reportedly hits 1.6% of GDP in January-February
<p>Romania’s general government deficit reached RON 30 billion (EUR 6 billion) in January-February, accounting for 1.59% of the entire year’s expected GDP, according to <a href="https://www.profit.ro/taxe-si-consultanta/exclusiv-deficit-de-30-de-miliarde-de-lei-1-58-din-pib-dupa-primele-doua-luni-doar-in-februarie-deficitul-a-fost-de-19-miliarde-lei-1-din-pib-21977328?mc_cid=e6b8f39071&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Profit.ro</a>.</p>

<p>The Finance Ministry has not yet released the budget execution data for the first two months of the year.</p>

<p>The deficit was RON 29 billion in the first two months of 2024, or 1.64% of GDP.</p>

<p>For the whole year, Romania’s government targets a deficit of RON 135 billion or 7% of GDP.</p>

<p>In January this year, the deficit was 0.58% of GDP, or RON 11 billion, which means that in February the Government spent 1% of GDP, or RON 19 billion, more than it collected in taxes and duties from the population and companies.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Rochu2008/Dreamstime.com</a>)</em></p>