Romanian Budget Grows In April 2011

According to the Finance Ministry, in April, Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million). Meanwhile, the budget deficit for the first four months of 2011 narrowed to RON4.4 billion. The budget revenue rose 10.3% on the year to RON58 billion in January to April, fueled by tax revenue increases, mainly from the value added tax and excise duties. Corporate tax revenue rose 0.9%, but personal income tax proceeds were… Read More...