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Tag Archives: VAT revenues

Consolidated budget deficit reaches 0.65 pc of GDP at 4 months

The consolidated general state budget deficit has climbed to RON 6.05 billion in the first four months of 2018, meaning 0.65 percent of the GDP, compared to a surplus of RON 1.4 billion (0.17 percent of GDP), recorded in the ...

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Budget deficit in Q1 reached RON 4.46 bn, 0.48 pc of GDP

The execution of the consolidated general state budget for the first quarter of 2018 ended with a deficit – expenditures higher than revenues – of RON 4.46 billion, namely 0.48 percent of GDP, figures released by the Ministry of Public ...

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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. ...

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0.27pc of GDP budget deficit in five months of 2017

The execution of the general consolidated budget in the first five months of 2017 has concluded with a deficit of RON 2.2 billion, i.e. 0.27% of GDP, against the deficit of RON 0.8 billion, i.e. 0.1% of GDP registered in ...

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Budget surplus of RON 3 bn in January. Revenues fell by almost 6 pc yoy

The general consolidated budget registered a surplus of RON 3 billion, i.e. 0.37 percent of GDP in the first month of this year, considering that the budget revenues were 5.7 percent lower than in January 2016, while expenses higher by ...

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Budget deficit, declining to 0.17 pc after ten months

The consolidated general budget ended the first ten months of 2016 with a deficit decreasing to RON 1.3 billion, i.e. 0.17 percent of gross domestic product (GDP), compared to surplus of RON 9.04 billion, meaning 1.28 percent of GDP of ...

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Consolidated general budget deficit, down to 0.4 pc of GDP at end-August

The consolidated general budget after eight months of 2016 recorded a deficit of RON 3.1 billion, or 0.4 percent of GDP, the Ministry of Finance informs on Monday, considering that, at the end of the same period of 2015, the ...

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Budget surplus, down by 0.3 pc in Q1. Wage costs are increasing

The general consolidated budget registered a surplus of RON 3 billion, 0.4 percent of GDP in the first quarter of this year, down 0.3 percentage points compared with the same period in 2015, Ministry of Public Finances (MFP) announced on ...

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