Ascultă Radio România Actualitaţi Live

Budget rectification in Romania

More money for justice, agriculture, transport, education and defense as well as the payment of salaries and damages to those who won these rights in court.

Budget rectification in Romania
Photo: rri.ro.

Articol de Radio România Internaţional, 04 Decembrie 2014, 10:41

In parallel with the talks with the joint IMF and European Commission mission to Bucharest related to the draft budget for 2015, the Romanian government has announced a third and last budget adjustment for the current year.

It is going to be a positive rectification made possible by the budget surplus reported at the end of the year.

The government wants to cover the debts due to various providers, accumulated as arrears in the budgets of hospitals and local authorities.

Also the budget adjustment will also cover the expenses for the payment of the salary differences, which various categories of public sector employees have won in court, following the slashing of salaries by 25% in 2010, when Romania was affected by the peak of the economic crisis.

Among the beneficiaries of supplementary budget allocations are the Justice ministry and the Prosecutor’s Office, the ministries of agriculture, transport and education as well as the National Authority for the restitution of property.

In exchange the budgets of the Labor, Development and Healthcare ministries will be cut.

The PM Victor Ponta is convinced that the representatives of the IMF and the EC will agree with the budget adjustment proposed by Romania.

"They have realized themselves that Romania has reported economic growth and that after only 11 months we have a budget deficit of only 0.2% of the GDP. Through the budget rectification we will be able to make, in advanc, many of the payments that were due next year, and this is due to the fact that we have had high budget returns and less expenses", Victor Ponta said.

The president of the Fiscal Council, Ionut Dumitru, points a finger to the electoral promises made by the PM which he assumed before the presidential election, which he lost last month.

"If you don’t increase the fees and taxes you have to reduce expenses more. As regards the expenses, we can undoubtedly save some money, given that we are talking about big inefficiencies, but to be able to save money you need reforms, in the sense that you need to prioritize investments, to allot money according to the cost-benefit criterion, which is a fundamental principle in economy. And we don’t see this happening. Without deep reforms in these areas we cannot save money", Ionut Dumitru said.

In turn, the business environment points a finger to the budget structure, which they consider non-transparent.

"What guarantees do we have that the money allotted from the budget surplus will go into issues of concern for the society, into infrastructure, schools, hospitals and so on? We don’t have any guarantees", the secretary general of the Association of Business People in Romania, Cristian Parvan said.

He also says that Romania does not have enough budget resources and that next year many projects will have to be co-financed from European funds.

Diplomacy and international relations for 8th graders
News in English 03 Aprilie 2025, 17:33

Diplomacy and international relations for 8th graders

Hundreds of eighth graders, high school and college students spent two days learning about diplomacy and international...

Diplomacy and international relations for 8th graders
The presidential election campaign starts on Friday
News in English 03 Aprilie 2025, 17:33

The presidential election campaign starts on Friday

There are only a few hours to go before the official start of the electoral campaign for next month's presidential...

The presidential election campaign starts on Friday
Parliament's weekly agenda
News in English 31 Martie 2025, 15:34

Parliament's weekly agenda

The legislative proposal on tougher penalties for drivers who get behind the wheel after taking drugs will go before senators...

Parliament's weekly agenda
INFOMama app, health information and services for pregnant women and mothers
News in English 31 Martie 2025, 15:33

INFOMama app, health information and services for pregnant women and mothers

The organization "Save the Children" Romania launches on Tuesday, at the Senate, the mobile application INFOMama,...

INFOMama app, health information and services for pregnant women and mothers
Opening ceremony of the multinational exercise "Sea Shield" in Constanta
News in English 31 Martie 2025, 15:33

Opening ceremony of the multinational exercise "Sea Shield" in Constanta

"Sea Shield 25" includes combat sequences that will test the coordination and response capabilities of the...

Opening ceremony of the multinational exercise "Sea Shield" in Constanta
Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place
News in English 31 Martie 2025, 04:01

Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place

Romania will continue to contribute to the promotion of global security and democratic values, interim President Ilie Bolojan...

Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place
The electoral period for by-elections has started in 19 municipalities
News in English 31 Martie 2025, 03:59

The electoral period for by-elections has started in 19 municipalities

The electoral period for the by-elections that will be organized in 19 localities in 14 counties of the country on May 4, on...

The electoral period for by-elections has started in 19 municipalities
Land and property owners will be able to get their registry extracts online for free
News in English 31 Martie 2025, 03:58

Land and property owners will be able to get their registry extracts online for free

Owners of land and real estate will be able to get their land register extracts free of charge at the land registry counter...

Land and property owners will be able to get their registry extracts online for free