Revenues to the consolidated budget amounted to RON59.53 billion, or 7.3% of GDP, and were 7.1% higher than in January-March 2016 in nominal terms.
Compared with January-March 2016, income tax collections increased 15.8%, social security contribution collections rose 14.8%, tax collections on international trade rose 18.2, while capital income tax collections increased 12.7%.
Value added tax collections dropped 9.1% on the year in January-March, due to a cut in the tax to 20% from 24% starting January 1, 2016.
Budget expenditure stood at RON58 billion, 10.4% higher in nominal terms compared with January-March 2016, while staff spending grew 16.4% due to public sector wage hikes approved in the second half of 2016.
Goods and services spending was 3.1% lower than in January-Mach 2016, while investment spending stood at RON1.7 billion, or 0.2% of GDP.