The regulator’s budget for 2011 provided total revenues of RON80 million, of which RON67.1 million would be from taxes and RON12.9 million would be financial revenues.
The report says CSA’s tax revenues amounted to RON46.14 million, while financial revenues stood at RON6.63 million, for a total of RON52.78 million.
The regulator’s expenses amounted to RON71.69 million, below the budget estimate of RON80 million.
The yearly report does not explain why CSA posted losses, why real revenues failed to live up to expectations, or how the losses will be covered.
The document also does not give data on the size of the regulator’s staff in 2011, though it does say that the institution was reorganized at the end of the year, replacing its 28 general departments with 12 specialized departments. The simplified structure also entailed a staff cut of 10%, the report says.
The latest figures on the regulator’s staff are available in the 2010 report, which said CSA had 163 employees in its central and regional offices, one employee fewer than in 2009. (EUR1=RON4.4924)