The general consolidated budget execution during the first seven months of 2015 has concluded with a surplus of RON 7.4 billion, namely 1.06% of GDP, against a deficit of RON 1.01 billion, namely 0.15% of GDP registered against the same date in 2014, according to the data released on Tuesday by the Ministry of Finance.
The consolidated general government revenues, amounting to RON 132.8 billion, representing to 19% of GDP, was by 9.9% higher in nominal terms against the same period last year, while its share in GDP increased by 0.9%.
According to the Finance Ministry, increases were registered against the same period of the previous year in VAT receipts (15.5%), in income tax (13.3%), in profit tax (10.7%), in non-tax revenues (18 1%) and in excise duty (6.9%).
The revenues from social security contributions fell only by 1.5% against the previous year, influenced by the cut by 5 percentage points in employer contributions and by the increase with 0.5 pc share of the contribution to the pensions’ Pillar II in 2015.