The budget surplus for January-April accounts for 0.85% of the gross domestic product estimated for the whole year.
After the first three months, the budget surplus was at RON4.89 billion, or 0.7% of GDP.
In January to April, Romania’s budget revenue amounted to RON76 billion, 12.1% higher than RON67.8 billion in the year-ago period. Personal income revenue rose 14.2% on the year to RON8.5 billion, while corporate tax receipts advanced 9.8% to RON6.2 billion in the first four months.
Takes from value added tax, which account for more than a quarter of total revenue, rose 20% on the year to RON19.7 billion, while excise duties added 4.1% more to the budget this year compared with the first four months of 2014.
The budget’s total expenditure increased just 0.5% year-on-year in the January-April period, to RON70.07 billion, the data showed.
The personnel expenses rose 7.3%, but the good and service acquisitions declined 5.5%. Romania paid 17.7% less interests for its public debt, but most of the budget surplus is due to lower funds allotted for investments, which declined by 30%, according to the budget execution data.
For the whole of 2015, the government forecasts a deficit of 1.83% of the GDP, which is estimated at RON700 billion this year, from RON670.5 billion in 2014.