The level is lower by 1.75 percentage points than the RON55.97 billion budget gap, or 2.92% of the GDP, reported in January-April 2025.
►Total revenues reached RON223.83 billion in January-April 2026, up 12% year-over-year. Expressed as a share of GDP, total revenues rose by 0.5 percentage points, sustained primarily by current revenues – VAT, salary and income tax, as well as insurance contributions.
►Total consolidated general government expenditure amounted to RON247.79 billion in the review period, down 3.2% in nominal terms year-over-year. Expressed as a share of GDP, spending decreased by 1.24 percentage points, to 12.1% from 13.4%.
Romania committed to end 2026 with a budget deficit of 6.2% of GDP, compared to 7.6% in 2025 and to 8.6% in 2024 (cash deficit).
►Social security contributions totaled RON73.66 billion in the first four months of 2026, up 8.8% year-over-year, above the salary fund dynamics. This increase reflects the expansion of the tax base regulated through Law no. 141/2025 and the income related to the Single Tax Declaration.
► Net VAT revenues amounted to RON47.80 billion, which translates into an annual increase of 22.4%, due to a 20.1% annual advance in gross VAT collection amid changes in VAT quotas stipulated by Law no. 141/2025, along with higher VAT refunds (+12.4%), compared with the amount reimbursed in the same period of 2025, namely, RON12.42 billion in January-April 2026 versus RON11.06 billion in January-April 2025.
► Revenues from salary and income taxation totaled RON23.89 billion in the first four months of 2026, up 21.8% year-over-year, due to a significant increase in dividend tax revenues (+47%).
► Revenues from excise duties totaled RON16.18 billion in January-April 2026, up 1.7% year-over-year, driven by a 14.8% annual advance in excise revenues from energy products.
► Revenues from profit tax totaled RON9.73 billion in January-April 2026, up 1.5% year-over-year, due to an 8.6% rise in the profit tax income from economic operators (8.6% year-over-year).
► Non-tax revenues reached RON14.28 billion in January-April 2026, down 10.7% year-over-year.
► Reimbursements from the European Union and donations totaled RON17.83 billion, up 26.4% from the same period of 2025.
-►Social assistance expenditures totaled RON84.25 billion in January-April 2026, down 1.6% year-over-year, being also impacted by state budget allocations in the amount of RON49.08 million to compensate electricity and natural gas bills in January-April 2026.
► Personnel expenditures stood at RON54.66 billion in January-April 2026, lower by RON1.9 billion than in the year-earlier period. As a share of GDP, they accounted for 2.7%, lower by 0.3 percentage points year-over-year, reflecting the reduction of certain bonuses and measures to curb wage-related spending.
►Investment spending, which includes capital expenditure and development programs financed from local and external sources, amounted to RON31.03 billion in the first four months of 2025, of which 75.58% represents the value of payments for projects financed from external and non-reimbursable funds for the 2021-2027 financial framework.
►Interest expenses grew by RON3.26 billion on the year to RON23.68 billion in January-April 2026. As a share of GDP, they accounted for 1.16% in the first four months of 2026 compared to 1.07% of GDP in the same period of 2025.
►Expenditures for projects financed from non-reimbursable external funds, including agricultural subsidies, reached RON21.84 billion in January-April 2026. The projects target the 2014-2020 financial framework and the 2021-2027 financial framework.
►Subsidy spending amounted to RON3.57 billion in the first four months of 2026, mainly directed toward passenger transport, support for agricultural producers, and compensation schemes for non-household energy consumers (RON28.46 million).