Romania's budgetary deficit increased to RON 18.07 bn in Q1, below the target set with the IMF

According to presented data, budgetary spending was RON 95.3 bn while revenues reached RON 77.2 bn. According to data, estimated revenues to the general consolidated budget are by 0.1% lower than those in the similar period, last year while spending increased by 4%. The sums cashed in from VAT decreased by 3.7% while on revenue tax dropped by 4.8% and cashs from tax on profits diminished by 3%.

Representatives of the institution reveal that non-fiscal revenues increased by RON 1.42 bn due to the revenues from dividents from companies with state capital. In the same time, spending for investments, including capital spending and transfers for development programs increased to RON 11.7 bn representing 12.2% of the total spending of the general consolidated budget.