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Romania Revenues
Sources: The Library of Congress Country Studies; CIA World Factbook
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    Profits from state enterprises and heavy turnover taxes levied on consumer goods, farm products, and farm supplies accounted for the bulk of revenue for the state budget. In 1989, for example, these two sources were expected to generate 69 percent of total revenues. Another large contributor was the tax on the "overall wage fund," which, though paid by the enterprises rather than individuals after 1977, was actually a tax on the work force. During the 1980s, taxes levied directly on individuals accounted for an ever larger share of revenues. For example, between 1981 and 1988, personal taxes rose by a total of 64.8 percent. The official claim that individuals paid only about 1.2 percent of the total tax bill ignored the reality that both the tax on the wage fund and the turnover tax directly affected individual purchasing power. The source of a large part of budget revenues was not identified in official announcements. In the 1989 state budget, for example, more than 6.3 percent of total revenues were not explained (see table 3, Appendix).

    Data as of July 1989

    NOTE: The information regarding Romania on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Romania Revenues information contained here. All suggestions for corrections of any errors about Romania Revenues should be addressed to the Library of Congress and the CIA.

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Revised 10-Nov-04
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