BUSINESS ECONOMY FINANCE&BANKING

Budget surplus in first 2 months, at Q1 end things will look better than in 2016, says PM Grindeanu

Prime Minister Sorin Grindeanu stated on Thursday that in the first two months of 2017 a budget surplus was recorded and added that at the end of the first quarter things will “look even better” than in the similar period of last year.

“In February 2017 the total budget revenues collected by the National Agency for Fiscal Administration (ANAF) were higher by approximately 900 million than in February 2016, namely by 6.7 percent. Moreover, the up-to-date info that we have for March reveals that the trend is maintaining. And, as you all know, in the first months of 2017, as it was announced by the representatives of the Public Finance Ministry, it wasn’t at all about what some people said, namely deficit, exceeding and all those things that you know. We recorded an excess in the first months of 2017. Certainly, all the details regarding the figures, all that means number of employees, increasing industrial productivity and all these things will be presented to you by the Minister of Public Finance,” Sorin Grindeanu stated at the Victoria Palace in a joint press conference with the Minister of Public Finance.

When asked about the fact that revenues in the first months of 2017 were lower by 1.4 percent that the similar period of 2016, the PM explained that, among others, from the first data received from the financiers, January of 2016 was “an exceptional months for a fiscal point of view,” taking into account that amounts incorporated from drawing European funds.

“Many revenues cumulated to the state budget also through paying certain things that were related to European funds. Unfortunately, we couldn’t do a thing on this topic, last year not a lot has happened on this area, but January, from what the financiers say, January of 2016 was a tough to repeat month in Romania’s fiscal history. What I want and Mr Viorel Stefan will make it public, is for the first quarter, when you will have all the data, to present better, and I am optimistic from what I know today that this is how things will be at the end of the first quarter, better, much better than in the first quarter of 2016. Therefore, your fears will be shattered,” Grindeanu also stated.

The PM brought to mind that he has weekly meetings with the Minister of Public Finance and Head of the ANAF in order to ensure that all the measures of the governing programme are enforced, to keep the balance between revenues and expenses in the law’s limits and to respect the budget deficit and the agreements that Romania has with international financial bodies.

Related posts

Gov’t gives up on public sector salary law

Nine O' Clock

Due to the 9-percent year-on-year growth in bilateral trade, Romania remains one of Austria’s most important trade partners

Nine O' Clock

Aerostar Bacau celebrates 20 years since inaugural flight of upgraded MiG-21 LanceR aircraft

Nine O' Clock