Romania's budget posts deficit of 1.2% of GDP in Jan-May

Ialomitianu said Tuesday that the deficit in the first five months was 1.2% of the GDP, or 6.7 billion lei (EUR1.61 billion).

The deficit had dropped to RON4.4 billion at the end of April, or 0.8% of the GDP, from 1% of the GDP in the first quarter, thanks to a surplus of more than RON800 million in April, owing to reduced capital and personnel expenses, and lower subsidies. (EUR1=RON4.1544)