Until May, the state's expenses were 320 billion lei, while the government had revenues of 256 billion, up 14%, exceeding the expenses that increased by 12%, according to the preliminary data seen by the Financial Ziarul. During this time, in the first four months of this year the total revenues increased by 9% compared to the same period last year, while the expenses increased by 6%. Thus, even if the rate of income growth is a good one, it seems to be suffocated by the increase of public spending. Compared to May last year, the revenues increased by 13%, from 42 billion lei to 48 billion lei, and the expenses by 25%, from 45 billion to 60 billion lei. The budget deficit reduced slightly in the first five months of this year, reaching 3.4% of GDP, compared to 3.41% in the same period last year.
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