The consolidated budget situation shows 10,504.9bn ROL excess for January, following the relatively low spending level in this period, the Finance Ministry says. Revenues amounted to 61,144.4bn ROL, up 38.2 % in nominal terms from January 2003. At the same time, the expenses stopped at 50,639.5bn ROL, accounting for 85.7% of the projected monthly average. The only chapters in the red are the social security budget (minus 277.1bn ROL) and the foreign loans contracted by ministries for which the State paid 2,519bn ROL. Profit tax-related revenues saw 37.1% increase from the corresponding period of 2003, following the 4.2% increase in industrial output in Q4, 2003 compared with Q4, 2002 in terms of number of working days and the 2.9% increase in absolute volume, as well as the improvement in collection. Income tax went up 53.6% in nominal terms from January 2003 largely because of the rise in the average gross salary by 23.7% in December. ZF



Subiecte #budget#foot#off#oldid40765#on#right#starts#the