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PM Grindeanu: Budget surplus of over RON 1.64bn in Q1

Prime Minister Sorin Grindeanu has announced on Thursday that a budget surplus of over RON 1.64 billion, i.e. 0.2% of GDP, was registered in the first three months of this year.

“Today is a bad day for all those apostles of austerity. (…) We’ve received the latest data from the Ministry of Finance and not only. (…) In the first three months of the year we have registered a budget surplus. The latest estimates of the budget execution for the first quarter shows that we will record a surplus of over RON 1.64 billion, i.e. 0.2% of GDP. (…) The total revenues to the consolidated general budget will be by almost RON 4 billion higher than in the first quarter of 2016, which means an increase of 7.2%,” Grindeanu said at the beginning of the government sitting.

According to the Premier, the VAT collection increased by 2.5% in February against February 2016 and by 8.9% in March 2017 against March last year.

“Some 62,000 new jobs are in Romania in the first months of the year, Romania reaching today a record low unemployment rate (…) the lowest level in the past 27 years. These are several arguments that make us confident that we will achieve our goals,” Grindeanu said.

About Valeriu Lazar