In the ten months through October this year, budget deficit amounted to 25.507 billion lei (€9.54 billion), or 5.1% of GDP.
Total revenues to the state budget amounted to 143.37 billion lei, or 28.8% of GDP, and state spending totalled 173.12 billion lei or 34.8% of GDP, finance officials said.
The increase rate of state spending slowed down from end-October when it stood at 4.7% YoY, while total revenues dropped 6.9%.
In the 11 month period through November, Romania’s budget gap was 15.77 billion lei, or 3.1% of Gross Domestic Product.
Public sector expenses rose 4.7% in Jan-Nov year-on-year, to around 43 billion lei.
Interest expenses jumped 65.8% from the same period of last year. The state has thus poured 5.6 billion lei into interest payout in the first eleven months, versus 3.4 billion lei a year earlier.
Subsidy expenses amounted to 6.7 billion lei, while expenses on goods and services dropped 7.1% to 25.8 billion lei.
Capital expenses (investments) fell 12% (2.56 billion lei) from the Jan-Nov 2008 to 18.77 billion lei, namely 3.8% of GDP. For whole year 2009, the government earmarked 38 billion lei on investments.
Social security expenses hiked 20.2% (9.8 billion lei) year-on-year, on an increase in pension points in October 2008.
The Government has also decided to grant the minimum state pension for low-income pensioners (300 lei starting April 1, and the difference until 350 lei starting October 2009), to index pensions with 3% starting April 1, 2009 and 2% from October 2009, as well as to raise minimum wage by 15%.
The amounts allocated from the state budget and not used by Eximbank total 1.8 billion lei.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Romania's budget gap swells to 29.75 bln lei.