In nominal terms, the deficit stood at 22.8 billion lei
($5.08 billion). Revenues amounted to 114.17 billion lei, or
7.1% of GDP. Spending stood at 136.92 billion lei. Investment
spending, including EU funds, stood at 13.16 billion lei, up
56.5% from the same period of last year.
The European Union state targets a shortfall of 4.4% this
year. Earlier this month, Finance Minister Adrian Caciu said the
government aimed to cut spending by 20 billion lei after tax
collections slowed in the first quarter, but the ruling
coalition has so far struggled to agree on measures.
($1 = 4.4911 lei)
(Reporting by Luiza Ilie)
BUCHAREST, April 28 (Reuters) - Romania ran a
consolidated budget deficit of 1.42% of gross domestic product
in the first quarter, compared with a shortfall of 1.07% at
end-February, finance ministry data showed on Friday.
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