The Sovereign Development and Investment Fund (FSDI) will reduce revenues to the state budget by 4.7 billion lei, according to a document published on the website of the Ministry of Public Finance (MFP).

“The draft law will have an impact on state budget revenues from 2019 onwards, reducing government revenue to the amount of dividends received by FSDI on account of shares transferred to the FSDI portfolio, estimated at RON 4.7 billion. This influence will be recovered in the years following the first year of operation by collecting the dividends that FSDI will pay to the state as sole shareholder according to the General Meeting of Shareholders (GAA) decision on profit sharing and dividend settling,”says the  draft Government Decision (HG) on the organization and operation of FSDI, published on the website of the Ministry of Public Finance (MFP), for public consultation, according to focus-energetic.ro.

Last year’s consolidated general government revenue amounted to RON 295.1 billion, an increase of 17.2% in nominal terms compared to the previous year, accounting for 31.1% of GDP, compared with 29.4% of GDP in 2017. By contrast, the general consolidated budget expenditures were of 322.4 billion RON last year, 16.8% higher than in the previous year, according to Mediafax.