Independent Balkan News Agency

Budget surplus of RON 1.35bn in four months of 2017

Budget surplus of RON 1.35bn in four months of 2017
The revenues to the Romanian budget were higher by 8.4% in the first four months of the year, as compared to the same period in 2016. The data published by the Ministry of Finance indicate a surplus of RON 1.35 billion at the end of April.

Total revenues were of over RON 80 billion.

As compared to last year, the labour taxes have increased by 13.4% after the wage increases. However, VAT receipts have decreased. The Finance Ministry says this is the effect of the VAT reduction from 20% to 19%, informs.

The amounts allocated for salaries have increased by more than 18%.

The pension increase also led to higher budget expenditures by almost RON 30 billion against those in January-April 2016.

Higher revenues (January-April 2017)

Surplus: RON 1.35 billion;

Overall revenues: RON 80.1 billion, up by 8.4% against January-April 2016.


Tax on wages and on income: RON 9.99 billion (+13.4% vs. January – April 2016);

VAT: RON 17.3 billion (-3.6% as compared to January – April 2016);

Budgetary expenditures

Wages: RON 21.8 billion (+18.1% against January-April 2016);

Social assistance: RON 29.2 billion (+10.1% as compared to January April 2016)./IBNA


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