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State budget deficit remains above 4% of GDP

In January-June 2025, the revenues of the national public budget increased by 16% compared to the first half of last year and exceeded 60.5 billion lei, Logos Press reported.
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State budget deficit remains above 4% of GDP

According to the Finance Ministry’s report, taxes and fees accounted for the largest share of revenues – 59.1% or about 35.77 billion lei. Insurance premiums accounted for 30.5% (18.5 billion lei), other revenues – 5.7% (3.5 billion lei) and grants – 4.7% (2.8 billion lei).

The revenues collected by the State Tax Service reached 39.3 billion lei, up by 4.6 billion lei or 13.2% compared to the same period in 2024. And the revenues accumulated by the Customs Service exceeded 19 billion lei, up by almost 1.3 billion lei or 7.3% year-on-year.

In the first half of 2025, the national public budget expenditures amounted to 66.3 billion lei, increasing by about 14.9% compared to the same period of the last year. The biggest increase was recorded in social insurance expenses – by 17.0%.

The execution of the national public budget in January-June 2025 ended with a budget deficit of 5.76 billion lei, or 1.64 per cent of GDP, while the budget deficit target for 2025 was initially set at 4.05 per cent of GDP, the document said.

At the same time, the state budget deficit, according to the draft, was fixed at 7.6 billion lei. The reason for the growth of this indicator is the additional changes to the budget made during the year. Although the 2025 budget law initially set the deficit at 13.9 billion lei, it was adjusted in spring, according to which it increased by 4 billion lei (+29%). Now the adjusted amount is 17.1 billion lei or 5.1% as a percentage of GDP.

According to the latest data from the Finance Ministry, the state budget deficit amounted to just over 4% of GDP at the end of August.


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