Budget revenues, up by 11.8% in first four months in Romania

Romania’s budget revenues went up by 11.8% in the first four months of this year compared to the same period of last year, reaching RON 89.6 billion (EUR 19.2 billion), according to deputy prime minister Viorel Stefan. The deficit amounted to RON 6 billion (EUR 1.29 billion) and financed 98% of the public investments made in this period, he also said, adding that there was no doubt about these figures. The Finance Ministry usually presents its figures on the budgetary execution on the 25th of each month, but the Government decided to release some figures earlier this month after president Klaus Iohannis criticized the poor budget execution in the first quarter and asked for the prime minister’s resignation. The president also criticized the ruling coalition for not making investments and spending all the money on salary and pension increases. Deputy PM Viorel Stefan pointed out that the investments made in the first four months amounted to RON 5.9 billion (EUR 1.27 billion), double the level in the same period of 2017. editor@romania-insider.com