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Romania’s Budget Revision, New Fin Measures Give EUR315M Boost To Revenues – Min

Romania’s budget will see an increase of some EUR315 million, or 0.25% of the GDP following the first budget revision of 2009 and the financial measures approved by the executive on Saturday, Finance Minister Gheorghe Pogea said.
Romania’s Budget Revision, New Fin Measures Give EUR315M Boost To Revenues - Min
11 apr. 2009, 17:20, English

Pogea said the measures, including limited VAT discount and the introduction of the lump sum tax, will lead to a cut in public spending of 0.85% of the GDP.
 
Pogea mentioned the government expects over RON350 million higher revenues in 2009, following the introduction of the lump sum tax for companies on May 1.
 
The 2009 budget revision is based on a deficit of 4.6% of the GDP, compared with 2% initially decided, given a GDP adjustment to RON531 billion from RON579 billion.