Romania's Jan-Nov cons budget gap narrows to 1.77%/GDP

In the first 11 months of 2011, the country's consolidated budget deficit amounted to 16.3 billion lei, or 2.8% of GDP, the ministry said in a statement.

In January-October, Romania ran a consolidated budget deficit of 7.2 billion lei, equivalent to 1.19% of the projected GDP.

In August, the Romanian government raised the 2012 budget deficit target to 2.25% of GDP from the 1.9% projected earlier, under a budget revision.

The country's 2011 budget gap shrank to 4.35% of GDP from 6.5% in 2010.