2.9 C
December 5, 2022

Financial supervisory body gets 165.92 M lei in 2014 revenues, ends in excess

The revenues received by the Financial Supervisory Authority (ASF) in 2014 totalled 165.92 million lei (some 37.018 million euros), which means the body actually met 112 percent of the approved budget.
The largest proportion, 47.26 percent of the overall revenues is accounted for by the revenues from the financial instruments and investment sector, the annual report of the institution shows.
The 2014 budget of revenues and expenditure revised in last July had 22,649,000 lei in current deficit projected for year-end. The result of the budget implementation at end-2014 was a positive one, namely 18,288,000 lei, being the outcome of higher revenues having been cashed as compared to the projected level and a lower level of the effectively paid expenditure last year, namely 147.631 million lei (about 32.94 million euros), which equals an achievement rate of 86.44 percent. ‘The savings on the expenditure were also owed to the fact that most of the amounts earmarked for the investment projects were not spent’, the report says.


Related posts

Isarescu: Year end inflation rate could be less than 3.3 pc

Nine O' Clock

The future of audit: driving change through technology and managing the GenZ/ millennial auditor


Deloitte ranked the most valuable and strongest commercial services brand in the world for the third consecutive year by Brand Finance