Home / Tag Archives: VAT collection

Tag Archives: VAT collection

Romania reported the largest VAT gap in 2015 as EC report shows

EU countries lost an estimated total of EUR 152 billion in VAT revenues in 2015, according to a new study by the European Commission (EC). While average EU figures are improving, individual VAT collection performances vary significantly amongst Member States. ...

Read More »

Fiscal Council chairman: Strong economic growth is not reflected in budget revenues

Romania’s fiscal deficit may exceed the European Union threshold this year because the spectacular economic growth in the first quarter is not reflected in budget revenues, Fiscal Council chairman Ionut Dumitru said on Monday in an interview to Reuters. During ...

Read More »

Budget surplus of RON 1.52bn, representing 0.19pc of GDP, in Q1 2017

The execution of the general consolidated state budget on the first three months of 2017 ended with a surplus of RON 1.52 billion, representing 0.19% of GDP, the Ministry of Public Finance (MFP) informed late on Tuesday. As compared to ...

Read More »

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 ...

Read More »