The execution of the general consolidated budget in the first five months of 2024 ended with a deficit of 60.10 billion RON, respectively 3.4% of GDP, compared to the deficit of 36.91 billion RON - 2 .30% of GDP - recorded in the similar period in 2023, the Ministry of Finance informs.(1 euro = 4.9771 RON)After the first four months of the year, the deficit was 57.29 billion RON, respectively 3.24% of GDP.Total revenues amounted to 225.38 billion RON in the first five months of 2024, registering an increase of 14.1% (year on year), and the expenses of the consolidated general budget, amounting to 285.48 billion RON, increased in terms of nominal by 21.8% compared to the same period of the previous year. The implementation of Romania's aggregate national budget in the first five months of 2024 ended on a deficit of RON 60.10 billion, or 3.4% of GDP, as against RON 36.91 billion - 2.30% of GDP - one year before, according to the Finance Ministry.The increase in government revenues was mainly supported by receipts from current revenues - corporate income tax, social insurance contributions, payroll tax, VAT and non-tax revenues.Receipts from payroll and income tax totalled RON 21.12 billion, which is a positive dynamics of 19.7% (year-on-year), while receipts from tax on pension income contributed 58.3% and those related to single tax declaration 13.7%.Insurance contributions recorded RON 78.18 billion, up 20.7% (year-on-year), outperforming the developments in wages.Income tax revenues amounted to RON 10.09 billion, up 37.9% (year-on-year) on the advance of revenues from corporate income tax, including the minimum tax on turnover from business operators and the corporate tax on commercial banks (+38.2%).Net VAT receipts totalled RON 47.89 billion, up18.1% (year-on-year). Also, the value of VAT refunds increased by 8.5% year-on-year - RON 12.90 billion in January - May 2024, as against RON 11.89 billion in January - May 2023.Excise tax revenues amounted to RON 15.80 billion, up 3.8%, on an increase in excise duty revenues from energy products (+13.3%), as a result of rising fuel consumption trends. At the same time, the decline in excise revenues from tobacco products levelled out at -8.3% amid a significant positive advance in May 2024.Non-tax revenues amounted to RON 17.62 billion, up 17.5% (year-on-year).
Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]
Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]
The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]
The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]
With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...
