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In the first six months of 2017, the fiscal deficit was 6.3 billion lei, or 0.77 percent of GDP.
From January to June 2018, consolidated general government revenue amounted to 132.04 billion rubles, or 14.2% of GDP, up 12.6% in nominal terms compared with the previous year. the same period of the previous year.
Revenues from insurance contributions (+ 36.8%) and non-tax revenues (+ 13%) increased over the previous year.
"In June 2018, the improvement in the collection of VAT revenues, they increased by 15.6% compared to June 2017, reaching a value of 26.77 billion lei in the first half, or an increase of 5.9% over the same period of the year Excise revenue amounted to 13.13 billion lei (1.4% of GDP), up 9.9% Compared to the same period of the previous year, income from property taxes and property taxes also increased by 5.9% over the same period in 2017.
The income reductions of the 39, tax on wages and incomes decreased by 21.5% due to the reduction, from 1 January 2018, the income tax rate from 16% to 10%, a measure reflected in the receipts of February 2018.
"There is also a decrease of 26.8% compared to the same the previous year's tax on the uti the use of the goods, the authorization of the use of the goods or the carrying out of activities following the application of GEO no. 52/2017 on the refunding of the special tax for cars and motor vehicles, the motor vehicle pollution tax, the motor vehicle emission tax and the environmental seal of motor vehicles, [52-17] 19659002] the account of payments made is ROL 6.9 billion, 22.8% higher than that earned in 2017 during the same period.
Expenditures in the consolidated general budget amounted to 147.01 billion lei, 19% more than the same period of the previous year
"Personnel costs are on the rise 24.4% compared to the same period of the previous year, the increase being determined by the salary increases granted under framework law No. 153/2017 on the remuneration of staff paid on public funds Expenditure on goods and services increased by 9.9% over the same period of the previous year,
Significant increases are recorded both in local budgets and in the budget of the single national health insurance fund and budgets of public institutions financed by own revenue and budget grants
"Subsidies are 4.1% higher than in the same period of time. previous year, maintained the same level as a percentage of gross domestic product, namely 0, 4%. Interest rates are 21.7% higher than in the same period of the previous year, or 0.8% of GDP, taking into account the aggregation of payment data from interest for several benchmark government bonds, "states
Social assistance expenditures increased 13.9% over the previous year, mainly due to the 9% increase of the pension point as of 1 July 2017, reaching 1,000 lei and overpayment of the amount (ROL 1.3 billion) to pay 50% of the July pension payments distributed by Romanian Post, as well as to increase and modify the method for determining monthly child allowance and induction incentive
investments, including capital expenditures, as well as those related to development programs funded by internal and external sources amounted to 9.1 billion lei, ie 1.5 times
In 2017, the general consolidated budget deficit was 24.3 billion lei, or 2.88% of GDP, below the annual target of 2.96%
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