ECONOMY FINANCE&BANKING

Tax authority collects 50.4 bln lei in Q1 2017, 1.3 pct more YoY

The National Tax Administration Agency (ANAF) has collected in the first quarter of this year 50.4 billion lei, 1.3 percent above the amount funneled into the state coffers in the same period last year, the institution said in a Monday release.

“Against the background of measures implemented to improve the collection and voluntary compliance, ANAF has managed to achieve in Q1 2017 total budget revenues worth 50.423 billion lei, up 1.3 percent in nominal terms, or 631.3 million lei more in absolute terms from the similar period of 2016 (49.791 billion lei),” reads the document.

ANAF said that total budget revenues collected in March 2017 amounted to 18.429 billion lei, by 5.2 percent or 904.7 million lei more from the similar period of 2016 (17.524 billion lei).

Minister of Public Finance Viorel Stefan said on Monday that according to first estimates budget collections in Q1 2017 will exceed 58 billion lei, by 2.5 billion lei more compared to the similar period of the year before.

“Up until now I am pleased because, as the first estimates show, ANAF collections amount to 18.3 billion lei this March, which means that in Q1 total collections will probably exceed 58 billion lei. Compared to 55.5 billion lei, the figure reported in the first quarter of last year, we have indications that collections will be by 2.5 billion lei higher,” said Viorel Stefan when asked if he is satisfied with ANAF collections in Q1.

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