A huge challenge on the table of future government
The Minister of Finance, Tanczos Barna, says that the budget execution of the first four months of the year shows that ensuring the sources of income to maintain the investment rhythm and the payment of salaries and pensions increased last year represents a huge challenge.
« Romania will be able to reach the deficit targets assumed only by firm measures, the reduction of expenses and the creation of a more supple state, » the minister wrote on Facebook.
« In these four months, the revenues increased both in value and as a share in GDP, reaching 200 billion lei. In April, the budget revenues were 59 billion lei, 16% more than April 2024. This increase is due to better VAT collection.
Regarding the expenses, the payment of salaries and pensions, as well as the investments – which reached a record level of over 32 billion lei – had a major impact on the budget. Instead, we managed to reduce the waste with goods and services, even registering a slight 3.9% decrease in the state budget. The difference between revenues and expenses was 55.9 billion lei, generating a deficit of 2.95%.
The figures show that we have an economy capable of generating substantial incomes, even in a marked period of challenges. However, a stronger commitment is needed to achieve a sustainable balance between income and expenses. The new Government will have to implement measures to strengthen the revenues, at the same time with a more significant reduction in the expenses ”, said the Minister of Finance.
