Romania’s budget was on a surplus in October, for the second consecutive month. The budget surplus increased from 0.06% of GDP in September to 0.29% of GDP in October.

This mainly came from cutting public investments compared to the first ten months of 2013, reports local Mediafax.

The Government has targeted for end of this year a budget deficit of less than 2.2% of GDP. Consolidated general Government revenues, amounting to EUR 40 billion, were 6.5% higher in nominal terms than in the same period last year and represent 26.3% of GDP.

editor@romania-insider.com