Romania VAT Revenue Up Only 3% in October, Much Lower Than Inflation Rate

11.28.2022 By Răzvan Botea

VAT revenue, the second most important resource of the state budget and a barometer for consumer spending increased by 3% in October 2022 compared with October 2021, according to the budget execution for October published by the Finance Ministry. With a 16% inflation that month, this means a significant slowdown in consumer spending.

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Keywords:
vat
, revenue
, spending
, slowdown