The budget surplus of Romania in amount of RON 1.5 billion

Romanian Prime Minister, Victor Ponta, said he would not rule out tax cuts before the end of this year and he has committed to maintain a budget deficit of 1.8 percent of GDP, agreed with the International Monetary Fund (IMF). Ponta’s cabinet also plans to scrap a tax on dividends from next year to make the Bucharest Stock Exchange more attractive to investors and stimulate initial public offerings, Valcov said. Lawmakers may also consider cutting a flat tax that applies to personal income and company earnings from 2019, to 14 percent from 16 percent. The country’s economy expanded 2.6 percent in the fourth quarter from a year earlier, compared with 3.3 percent in the July-September period. Expansion slowed less than economists expected as the government used a budget surplus in October to boost public spending in the last two months of 2014. Romania had a surplus of RON 1.5 billion (EUR 339 million) in the first quarter of the year. Sources: romania-insider.com, onet.plTags: , , ,