Abstract: The budgetary deficit issue is a topic of wide interest since the 80s, when the United States faced with the largest budgetary imbalances after World War II. The approached theme coexist naturally with many pro or against mainstreams of a negative budget balance. The essential purposes taken into account in writing this study are illustrated by analyzing both revenue and expenditure of the general government in Romania during 2007 - 2012 and the consolidated budget deficit analysis, the causes of the budget deficit, and the ways of its funding for the period 2007-2012.