General budget registers surplus of 0.21 pct of GDP to RON 1.98 bln in January

General consolidated budget registers a surplus of 0.21 percent of GDP to RON 1.98 billion in January, taking into account that the budget revenues were by 16.8 percent higher than January 2017 and the expenses by 26.4 percent, according to the data of the Public Finance Ministry.

The surplus from January 2018 dropped year-on-year by over RON one billion.

“ According to the operational data, the general budget for January 2018 closed with a surplus of RON 1.98 billion, respectively 0.21 percent of GDP, compared with RON 3.02 billion, respectively 0.35 percent of GDP registered in January 2017,” says the release.

“There are registered significant increases compared with 2017 in the case of collections from social contributions (+23.1 percent), from the tax per salaries and revenue (12.6 percent) and from non-fiscal revenues (+ 10.5 percent). The collection of taxes per income and taxes per property grow by 41.4 percent compared with January 2017,” says also the release.
There was also an increase by 7.8 percent regarding the VAT revenues compared with 2017.

The general budget expenses increased in nominal terms by 26.4 percent compared with 2017, to RON 20.4 billion.

“The expenses with personnel increase by 18.5 percent compared with the same period of 2017, determined by the salary increases for 2017, respectively the increase by 15 percent of the salaries from healthcare and education starting January 1, 2017, of the personnel paid from public funds from the institutions and public authorities of local public administration, which benefit from the increase by 20 percent starting February 1, 2017,” says the release.

In the mentioned period the expenses with goods and services increased by 27.1 percent compared with the same period of 2017.