Tax revenues in Romania increased by 11.0% y\/y to RON 212.3 billion\u00a0in January-August and accounted for 11.2% of the year\u2019s planned GDP, up from 10.9% in the same period last year, driven by a 16.4% y\/y advance in August to RON 26.7 billion after the first package of budgetary measures was implemented. In January-July, the tax revenues increased by 10.3% y\/y.<\/p>\n
In August, the volume of excise tax collected surged by 30% y\/y to RON 32.3 billion, while the net VAT collected rose more modestly by 13.7% y\/y to RON 12.6 billion. Altogether, these two categories rose by RON 2.9 billion \u2013 compared to a RON 3.75 billion advance in total tax revenues.<\/p>\n
The general government budget deficit increased by 6.8% y\/y to RON 86.4 billion (EUR 17 billion) in January-August, and accounted for 4.54% of the year\u2019s planned GDP compared to 4.59% of GDP in the same period last year.<\/p>\n
The government of Romania revised the target for this year\u2019s budget deficit to RON 159 billion, or 8.4% of GDP.<\/p>\n
For 2026, Romania envisages a gap of \u201cunder 6.5% of GDP,\u201d prime minister Ilie Boilojan stated.<\/p>\n