expenditure

Although the record budget deficit in the first quarter of the year, of 2.3% of GDP, was below the Government’s target of 3% of GDP estimated for Q1, the evolution of revenues and expenditures indicates a series of...

Romania is a regional leader in terms of actual individual consumption (AIC) per capita, in purchasing power standards (pps, adjusted to prices), an indicator widely used to evaluate the material well-being of households. This occurrence is a result...

Simply put, data recorded over time in the monthly budget implementation published by the Ministry of Finance indicate a share of staff costs in total budget expenditure somewhere around 20% after the decrease forced by circumstances (to be...

The general consolidated budget ended the first month of 2019 with a surplus of RON 717 million or 0.07% of the estimated GDP for the current year, according to data published by the Ministry of Finance. The result...

The Fiscal Council announced on Wednesday, the day when the Government adopted the draft budget amendment without the opinion from CSAT, that it considers the proposed increase in the VAT revenues included in the updated budget amendment (solely...

  At the end of the first half of the year, the general consolidated budget registered a deficit of about RON 15 billion, an amount equivalent to 1.61% of the GDP estimated for the current year. The result...