The budget surplus was achieved through revenue growth outpacing expenditure growth and large transfers from the state budget. This result was driven by an increase in own-source revenue from social contributions and the difference in the growth rates of revenue and expenditure.
Budget revenues for the first half of the year grew at a faster rate than payments to the public. The fund’s expenditures rose by 5.2% (+1.3 billion lei compared to last year), while the growth rate of contributions collected by employers alone was 9.4%.
Revenue from mandatory social insurance contributions reached 14.82 billion lei, showing a 9.4% increase (or 1.27 billion lei) compared to the same period last year.
Other revenues totaled 525.4 million lei, an increase of 121.5 million lei (30.1%) compared to the same period of the previous year. Of the total amount, the largest portion—510.4 million lei—came from the flat tax levied on residents of IT parks, while the portion of the flat tax collected from independent entrepreneurs amounted to 7.5 million lei.
Although the Social Insurance Fund’s own revenues traditionally do not cover all of its obligations, a surplus was achieved thanks to the full and timely disbursement of transfers from the state budget. A total of 12.17 billion lei was transferred from the state budget, of which 3.59 billion lei went directly toward covering the planned shortfall in the fund’s own revenues.
