Revenues to the consolidated budget amounted to RON22.4 billion, accounting for 2.4% of GDP, and were 16.8% higher in nominal terms compared with January 2017.

Social security contribution collections rose 23.1%, income tax collections increased 12.6%, and tax collections on capital income increased 72%, the data showed.

Property tax collections grew 41.1% in January 2017 compared with January 2017, while collections from other taxes on goods and services increased 17.8%.

Value-added tax collections rose 7.8%, while excise duty collections fell 14.9%.

Budget expenditure stood at RON20.4 billion in January, 26.4% higher in nominal terms compared with the same period last year, mainly due to double-digit wage growth in the public sector and a raise in the minimum wage. Staff spending grew 18.5% on the year in January, the data showed.

Investment spending, which includes capital expenditure and development programs financed from local and external sources, amounted to RON476.2 million in January, 55.7% higher than in January 2017.