People close to the matter told Mediafax state budget revenues in January-September were 6 billion lei (EUR billion) lower than expected at the beginning of the year mainly because of tax collection delays caused by the reorganization of tax authority ANAF and changes in fiscal regulations.
Romania’s government approved in July this year’s first budget revision, which stated a budget deficit of 2.3% of the gross domestic product in 2013.
The country’s GDP was seen at RON626.2 billion in 2013, RON2.6 billion higher compared to previous estimations.
Romania’s budget gap was expected to rise from RON13.3 billion (2.1% of GDP) to RON14.7 billion (2.3% of GDP).
The government expected state budget revenues to be lower by RON2.2 billion, forecasting a RON1.9 billion decline in revenues from taxes on profit, VAT, excises, and EU-fund reimbursements.
Total state budget spending was seen to drop RON978 million. (EUR1=RON4.4508)