The Cabinet approved the report on the fulfillment of the 2014 state budget, with incomes of 27.7 billion lei and an expenditure of 29.3 billion lei, IPN reports.

According to Minister of Finance Anatol Arapu, the state budget incomes last year were by 23.5% higher than a year before. The fiscal incomes represented 79.1%, while the grants – 14.2%. Money was also collected from non-fiscal sources and from the special means of public institutions.

94.7% of the planned expenditure was used, but the spending was by 22.8% higher than in 2013. The deficit was 1.6 billion lei, by about 1 billion lei less than projected.

The balance of the state debt on December 31, 2014 was US$1.3 billion the external state debt and 7 billion lei the internal state debt.