The Romanian budget deficit stood at 3 percent of GDP last year (17.423 billion lei), down from 5.6 percent of GDP in 2011 (30.901 billion lei), 6.8 percent of GDP in 2010 (35.552 billion lei) and 9 percent of GDP in 2009 (45.249 billion lei), show revised figures made public by the European Statistics Office (Eurostat) on Monday.
Romania managed to narrow its deficit down to 3 percent of the GDP cap called for by the European Union.
The development of the Romanian budget deficit followed the EU trend over 2008-2011, rising from 2008 till the end of 2009 and afterwards gradually falling till the end of last year.
Romania ranks 4th in the EU by the lowest public debt as related to GDP in 2012, recording a public debt of 37.9 percent of GDP (222.794 billion lei).
The Romanian public debt grew from 23.6 percent of GDP in 2009 (118.491 billion lei) to 30.5 percent of GDP in 2010 (159.617 billion lei) and to 34.7 percent of GDP in 2011 (193.201 billion lei). AGERPRES