BUDGET
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Metrorex Estimates Revenues Of RON683.4M This Year
Subway transport operator Metrorex estimates it will register revenues of RON683.4 million this year and equal expenses, as last year's revised budget showed revenues 8.7% lower and a loss o...
Government Collected RON4B Less VAT Than Planned In 2014
Romania’s tax authority ANAF collected only 50.8 billion lei (EUR11.4 billion) in VAT last year even though it had expected RON54.6 billion. VAT revenue therefore dropped in 2014 for the fir...
Government Suspends De Minimis Aid Scheme For SMEs
The government has not allotted a budget for the de minimis aid scheme for small and medium sized businesses for 2015 and SMEs that benefit from the scheme won't have access to such funding...
Romanian President Signs 2015 Budget Bill Into Law
Romanian President Klaus Iohannis signed the 2015 state and social security budget bill into law Monday, the president's office said in a statement.
Constitutional Court Clears 2015 State Budget Law
Romania's Constitutional Court sustained the 2015 state budget law Monday, rejecting the Liberal Party's objections.
Romania’s Fiscal Council Says 2015 Budget Revenue Overestimated
Romania’s Fiscal Council says the fiscal revenue is overestimated by 2.35 billion lei (), or 0.33% of the gross domestic product, in the 2015 budget draft, while the investment expenditure w...
Government Promises RON6.1B For Highways In 2015, Like In 2014, When It Spent Just RON4.6B
The transport sector got 6.3 billion lei (EUR1.4 billion) this year, but just RON4.65 billion (EUR1 billion) were spent. For 2015, the RON6.1 billion (EUR1.4 billion) budget is 30% higher on...
Fiscal Council: Certain Revenue Hike In 2015 Budget Overvalued, Expenses Underestimated
The Fiscal Council representatives estimate that the increase of certain categories of revenue in the 2015 draft budget are overvalued, while other expenses are underestimated, and that doub...
Romania Budget Revenue Seen Up 3.4% in 2015
Romania’s consolidated budget revenues are estimated for 2015 at 226.36 billion lei (EUR51.5 billion), or 31.9% of the gross domestic product, according to the budget draft published by the...