Public investments halve in Romania

27 May 2015

The Government spent EUR 1.1 billion for investments in the first four months of the year, namely 0.8% of the GDP. It is half of the amount spent in 2012 and 2013.

It represents 13% of the total amount destined for investments in 2015, which should reach EUR 8.9 billion.

The budget surplus totaled EUR 1.3 billion in the first four months, namely 0.85% of the GDP.

In 2014, the Government spent EUR 1.3 billion for investments in the same period. The country invested EUR 2.1 billion in 2013 and around EUR 2.1 billion in 2012.

Between January and April 2015, Romania’s budget revenues amounted to EUR 17 billion, namely 10.9% of the GDP. The revenues from VAT collection increased by 20%, whereas the revenues from the income tax went up by 14.2%.

editor@romania-insider.com

Normal

Public investments halve in Romania

27 May 2015

The Government spent EUR 1.1 billion for investments in the first four months of the year, namely 0.8% of the GDP. It is half of the amount spent in 2012 and 2013.

It represents 13% of the total amount destined for investments in 2015, which should reach EUR 8.9 billion.

The budget surplus totaled EUR 1.3 billion in the first four months, namely 0.85% of the GDP.

In 2014, the Government spent EUR 1.3 billion for investments in the same period. The country invested EUR 2.1 billion in 2013 and around EUR 2.1 billion in 2012.

Between January and April 2015, Romania’s budget revenues amounted to EUR 17 billion, namely 10.9% of the GDP. The revenues from VAT collection increased by 20%, whereas the revenues from the income tax went up by 14.2%.

editor@romania-insider.com

Normal
 

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