Government aggregate deficit reaches 1.8pc of GDP, January through April
According to data with the Finance Ministry, revenues from excise duties increased by RON 529 billion from the same period of the year before, while Value-Added Tax revenues declined significantly by RON 1.919 billion.
As far as the Government aggregate spending is concerned, it stood at RON 62.577 billion, up 11.7 percent from the same period of the year before. Spending was kept within the annual limits, with March witnessing a slight decrease in monthly spending compared with the previous three months.
A RON 3.794 billion increase in social security spending is explained by the increase in the pension computation point in October 2008 and the payment of the guaranteed minimum public pensions as from April 2009.