Romania’s Financial Supervisory Authority (ASF) recorded a EUR 4.1 million surplus last year, over a EUR 2.2 million deficit in 2013.

The institution posted revenues of EUR 37.3 million, up 18.67% over 2013, according to ASF.

In 2013, the revenues amounted to EUR 31.4 million.

The Government plans to use 80% of the annual surplus from the Financial Supervisory Authority and Romania’s communications authority ANCOM to finance the national health insurance fund.

ASF is funded entirely from extra-budgetary funds.

The capital market contributed 47.26% to the institution’s revenues, whereas the insurance sectors contributed 29.97% and the private pensions, 20.57%.

editor@romania-insider.com