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The government led the deficit to 2.2% two months before the end
The Ministry of Finance has published on its own website budget execution at 10 months, with a delay of four days, probably necessary for cosmetics and adjustments. This was to be expected: staff costs exploded in 2018 and EU funds declined. The big surprise in the announcement of Finance refers to investments … 40% higher than last year. What the Dăncilă government forgot to say: the comparison is made with PSD 1 + 2 governments, while reporting to technocratic governance would bring things to light.
According to operational data, execution the consolidated general budget for the first ten months of 2018 ended with a deficit of ROL 20.9 billion, 2.2% gross domestic product (GDP).
Last year, after 10 months, the deficit was only a deficit 0.79%and in 2016, at the time of the technocratic government, the deficit was 0.17%!
The "hole" touted by the PSD-ALDE executive is huge compared to 1.3 billion rubles after 10 months of technocratic governance.
Staff costs increased by 25.4%
Consolidated general government expenditure amounted to 253.2 billion lei, an increase of 18.1% in ten months compared to the same period of the previous year, while staff costs exceeded 25%. %.
"Staff costs increased by 25.4% 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 remuneration of staff remunerated from public funds ", indicates the Ministry of Finance. .
Dăncilă claims investments 40% higher than those combined Grindeanu and Tudose, but forgets to report to the Ciolos government
Investment expenditures, including capital expenditures, as well as those related to development programs financed from internal and external sources, have been ROL 20.6 billion, with an increase of 40.2% compared to the same period last year, reports Finance.
If last year, after 10 months, investments were increased ROL 14.7 billion, at the time of the Cioloş government, the level of investment spending was higher, despite a much lower GDP.
The technocrat boasts of ROL 19.3 billion (2.5% of GDP), total revenues of ROL 187 billion, close to those ROL 20.6 billion Dăncilă Executive, which had a much higher amount: 232 billion ROL.
VIEW BEFORE budget execution from 2018 vs 2016
The Dăncilă government refuses EU money
Amounts received from the EU for payments and pre-financing have fallen with 14.1% after the first 10 months of this year compared to last year.
To limit spending and control the deficit, the government of Dăncilă gave less money for projects funded by non-repayable foreign funds – the decrease is 32.7% compared to the first 10 months of 2017.
Compared with the Ciolos government, the amounts received from the EU are lower than three times smaller. While the technocratic executive has allocated lei 5.3 billion to co-finance European projects, the PSD's executive has been limited to 495 million lei!
Turnover up 11.8% over 2017
Consolidated general government revenue, which amounts to 232.3 billion lei, or 24.5% of GDP, is 11.8% higher, in nominal terms, at ten months compared to the same period from the previous year.
"Revenues from insurance contributions (+ 37.8%) and non-tax revenues (+ 18.5%) increased compared to the previous year." Since February, income from contributions social benefits were positively influenced by the new statutory conditions on the transfer of employee-sponsored employer contributions, governed by GEO 79/2017.
Since May, VAT receipts have improved, so they increased by 9% compared to the same period in 2017, reaching 47.9 billion lei in the first ten months of the year. current year. have detailed finances.
Excise revenue amounted to ROL 23.7 billion (2.5% of GDP), an increase of 7.9% over the same period of the previous year. In addition, tax revenues and property taxes increased 4.4% over the same period last year.
"There was a 26.1% decline in income from salaries and income taxes, as a result of the reduction, from January 1, 2018, of the income tax rate of 16% to 10%, a measure that was reflected in February 2018 revenue.
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