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Romania Revenues
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
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