ANAF posts increased collection revenues for the first semester of 2011

Newsroom 22/07/2011 | 16:30

The National Agency for Fiscal Administration (A.N.A.F) has posted a 13.05 percent increase in budget revenue for the first semester of 2011. The budget revenue for the first semester of 2011 totaled RON 76.2 million, an increase from the RON 65.6 million reported in the first semester of 2010. As a result, the agency has met 99 percent of the budget income collection target issued by the Public Finance Ministry.

“The percentage in GDP of revenues collected by A.N.A.F in the first semester of 2011, has risen by 0.91 percent in comparison to the similar period of 2010. The revenue collection in the first semester of 2011 is 4 percent higher than the revenues registered in the same period of 2008, when Romania posted the highest economic growth in the EU,” said Sorin Blejnar, A.N.A.F. president.

Structure of state budget revenues

The profit tax collection has increased by RON 76 mil (1,.46 percent), while income tax collection has decreased by RON 63 million (0.7 percent). Revenues from VAT increased by 31.5 percent to RON 21.6 million, exceeding the value posted in the same period of 2010, respectively RON 16.4 million.
VAT reimbursements were 36 percent higher than the ones operated in 2010, respectively RON 6.60 million to 4.84 million.

State budget revenues from excises increased by RON 1.85 million, respectively 26 percent to the similar period of 2010. Excises from energy products, which have the largest share in the collection operations (48 percent), increased by 8 percent. Excises revenue from tobacco products representing a 40 percent share in collection operations registered a 40 percent increase. Fiscal evasion for cigarettes has gone down from 36 percent in 2009 to an estimated 12 percent in May 2011. As a result, excises collection for tobacco products went from RON 2.3 billion in the first semester of 2010, to RON 3.6 billion in 2011.

Other revenue sources, including services providing, donations, sponsorships and royalties increased by RON 113 million, a 103 percent increase to 2010 values for the first semester.

Social insurance budgets

The national unique fund for health insurance recorded a RON 290 million increase in revenue, respectively 4 percent to the first semester of 2010.
The state social insurance budget recorded a RON 632 million increase in revenue, respectively 4 percent to the first semester of 2010.
The 0.5 percent rise in contribution rate increased the sum transferred to private pension funds by RON 159 million.
The unemployment insurance budget recorded a RON 59 million decrease in revenue, respectively 8 percent.

Interest rate revenues of RON 60 million were collected in January 2010.


Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue