In January-February 2015, Romania posted a budget surplus of RON2.3 billion, or 0.33% of GDP.
Revenues to the consolidated budget amounted to RON35.4 billion, or 4.7% of GDP, 4.6% higher in nominal terms compared with the same period last year, the data showed.
Profit tax collections increased 39.3%, excise duty collections increased 5.9%, social security contribution collections increased 9.5%, and value-added tax collections increased 4%.
Value-added tax collections amounted to RON10.4 billion, as the tax was reduced from 24% to 9% on food items as of mid-2015 and the standard rate was cut to 20% as of January 1%.
Budget expenditure stood at RON34.6 billion, 9.9% higher than in the same period last year, as staff spending increased 21.8% due to public sector wage raises and a rise in the minimum wage approved in the second half of 2015.
Goods and services spending was 3.7% lower in the first two months compared with the same period last year, while investment spending amounted to RON2.7 billion, or 0.4% of GDP, compared with RON2 billion in the same period last year.|