Romania 11-mo cons budget gap shrinks to 0.04%/GDP

Romania's consolidated budget showed a deficit of 248.9 million lei ($67.9 million/55.7 million euro) in the 11 months through November, the ministry said in a statement posted on its website.

Consolidated budget revenue rose 6.8% on the year to 195.02 billion lei in the period under review, while spending edged up 1.5% to 195.27 billion lei.

Romania targets a budget deficit equivalent to 2.2% of GDP in 2014, as agreed with the International Monetary Fund under a two-year precautionary stand-by deal worth 2.0 billion euro.

(1 euro = 4.4685 Romanian lei)