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Activity of the Government on July 26 – August 29, 2004

|print version|mail| e-journal #36 |

Decisions

Overview

During the closing of the spring-summer session of the Parliament, Prime-Minister Tarlev reported on Government’s activity. As reported, during the first quarter of the year GDP grew by 6.1%, gross added value by 7.1% over last year, whereas gross fixed capital formation by 14.4%. Vasile Tarlev pointed that in the last six months of the year, revenues to the consolidated state budget reached 3 billion 231 million Lei, i.e. a 13.8% growth on last year, whereas allocations from state budget amounted to 3 billion 395.8 million Lei, a 22.5% growth over last year. Hence, in the first half of the year an increase was registered in: revenues to the social insurance fund (by 23%, reaching 1 billion 245.9 million Lei); industrial and agricultural output by 113.1% and 100.9% respectively over 2003. Similar growth was registered in retail by 13.1% and services by 7.3% over last year. Another indicator of economic growth cited was the 36% boost of exports.