Romania's budget deficit narrows as interest costs rise

Digi Economic's 26 September report cites Romanian finance ministry figures. The nominal deficit fell by about 31%, while interest expenditure rose 26.7% to RON 42.05 billion.

Radio Romania International reports that revenues increased 11.4% and spending 4.2%; the full-year deficit target is 6.2% of GDP. Improvement over eight months does not establish that the annual target will be met. Rising interest costs also show that budget pressure remains despite the smaller deficit.