Romania Budget Deficit Widens To 8% Of GDP In January-November 2020

12.29.2020 By Ecaterina Craciun

Romania's general consolidated budget posted a deficit of RON84.05 billion, or 8% of the gross domestic product (GDP), in the first eleven months of 2020, considering that RON43.66 billion (4.16% of GDP) was pumped into the economy via tax facilities and incentives, investments and exceptional costs for the fight against the COVID-19 pandemic, finance ministry data showed Tuesday.

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