Monday, March 9, 2009

Romania reports Jan budget surplus of 0.3 pct/GDP

BUCHAREST, March 9 (Reuters) - Romania recorded a consolidated budget surplus of 0.3 percent of gross domestic product in the first month of 2009, compared with a surplus of 0.5 percent in January 2008, finance ministry data showed on Monday.

The centre-left government has pledged to cut this year's budget shortfall sharply to 2 percent of GDP from over 5 percent recorded last year.

Ministry data showed January revenues were 15.1 billion lei ($4.46 billion) or 2.6 percent of GDP, while budget spending totalled 13.4 billion lei. In nominal terms, the surplus was 1.6 billion lei.

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