Romania’s state budget recorded a surplus of RON 4.2 billion (EUR 949 million) after the first six months of the year, namely 0.6% of the GDP, compared to a deficit of EUR 791 million, or 0.5% of the GDP in the same period last year.

The budget’s revenues amounted to EUR 25 billion in this period, or 15.8% of the GDP. They increased by 10.2% year-on-year.

The revenues from VAT collection went up by 18.3%, whereas those from the income tax rose by 14.2%, the non-fiscal revenues increased by 11.1% and the excise duty revenues went up by 8.6%.

The revenues from social contributions dropped by 1.3% compared to last year, due to the 5 percentage points decrease in employers’ contribution and the 0.5 pp increase in the contribution to private pensions.

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editor@romania-insider.com