Primary deficit reaches 1 billion euros in five months

According to the temporary figures of the state budget execution, on a modified cash basis, there is a deficit in the state budget for the January – May period amounting to 3,857 million euros against a deficit of 10,876 million in the corresponding period of 2012 and a target for a 7,062 million.

The primary deficit stood at 984 million euros and is significantly reduced compared to the 2.350 million deficit for the same period in 2012 and the goal for primary deficit at 4.165 millions.

The height of net revenue of the state budget amounted to 19,150 million euros, increasing by 420 million or 2.2% compared to the target of the first five months of 2013 (18.730 million euros).

The amount of net revenues of the tactical budget amounted to 17,432 million euros, an increase of 61 million, or 0.4%, compared to the target (17.370 million euros).

In the first five months of the year, the types of revenues that fell off the target are:

-       corporate income tax by 272 million or 71.5%

-       direct POE taxes by 164 million or 10.6%

-       VAT from all categories by 245 million, or 4.2%, of which 187 million from VAT in petroleum products

-       special taxes of energy products by 86 million euros or 4.8%

-       other non-tax revenues by 139 million or 14.0%

-       other excise taxes and especially of tobacco products, by 30 million euros

The revenues that moved higher than the targets were from:

-       special categories of income taxes by 85 million euros or 13.4%

-       property taxes by 193 million euros or 20.0%

-       transfer taxes capital by 119 million euros, or 83.7%

-       POE indirect taxes by 118 million euros or 61.9%.