Budget execution for January 2026: surplus of 845 million lei, with revenues of 55.1 billion lei, up 18% compared to the previous year.

The first data on the execution of the budget for January 2026 shows a surplus of 845 million lei, with total revenues of 55.1 billion lei, exceeding expenditures of 54.3 billion lei. Compared to January 2025, when the deficit was 11 billion lei (6% of GDP), revenues increased by 18%, mainly due to the increase in the VAT rate from 19% to 21%, which led to a 24% increase in VAT collections.

Corporate tax increased by 22%, while excise duties only increased by 7%, indicating a decrease in the consumption of excise goods. Social security contributions increased by 8%, and income and salary tax increased by 31% due to the increase in dividend tax. Expenditures on goods and services decreased by 12%, while personnel expenditures decreased by 3%. Interest expenditures decreased by 8%, while social assistance expenditures, especially pensions, increased by 2%. The estimated GDP for 2026 is 2,045 billion lei, an increase of 6% compared to 2025.