RSS
The general consolidated budget closed January with an excess of almost 4 billion lei
The consolidated budget had in January an excess of 4.95 billion lei, representing 0.56% of GDP twice and a half higher than January 2014, after drawing income of 18.4 billion lei, the highest increase being under non-fiscal income and profit tax.
In January 2014, the budget had an excess of 1.5 billion lei with a share in GDP of 0.22%.
The income of the consolidated budget was in January 28.4 billion lei (2.6% of GDP) being higher by 4.1% against the same period of last year, according to the data of the ministry of finances.
Significant growth was noticed with non-fiscal income, by 25.4% at 1.87 billion lei, and profit tax with 23.8% at 306 million lei. At the same time, for income from VAT there was a growth of 18.5% at 5.96 billion lei and the income tax got 2.32 billiion lei up by 16.9%.
The collections from excises were reduced by 11.6% at approximately 2.1 billion lei and those from social contributions by 3.4% at about 4.6 billion lei.
At the level of local administration, the income from taxes and taxes on property increased by 11.5% at 317.2 million lei.
At the same time, the general consolidated budget were 14.4 billion lei, 2% respectively of GDP being lower by 10.7% in nominal terms against the same period of last year (0.4 points as share in GDP).
The expenditure with goods and services were reduced by 25.1%at 2.14 billion lei.
‘The drop is found in the budget of the single national fund of social health insurance, due to the payment in January 2014 of the debts to the suppliers of drugs, as a result of the implementation of law 72/2013 through which the directive 7/2011 was included in the Romanian legislation regarding the combatting of the delays in payment of commercial payments’ the ministry of finances say.
The expenditure for investment which include expenditure for capital and those connected to the programmes of development financed from internal and external sources, were situated at 682.6 million lei (0.1% of GDP) close to those of January 2014 of 674 million lei.
The minister of finances Darius Valcov stated that the budgetary programming for the maximum of public expenditure for public expenditure be made in quarters 2 and 3, the most favourable for public projects, so that the deficit at mid-year is situated at 1.7% of GDP. According to the budgetary programming, the public expenditure should be lower in Q4,contrary to historic trend.
The government committed for this year to keep to a deficit of 1.83% of GDP.