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Budget revisions affect the income of more institutions

After the 2012 budget rectification, the labor and economy ministries will lose 65 and respectively 51 million lei.

Budget revisions affect the income of more institutions
Photo: Agerpres.

Articol de Răzvan Stancu, 21 Octombrie 2012, 10:45

The Government has published the draft ordinance to rectify the state budget and social insurance budget, inform the RRA editor, Catalin Gombos.

These provide cost savings in several ministries and institutions as well as TVR and the Romanian Radio Broadcasting.

On the other hand, some ministries, including Agriculture, Health and Education, will receive additional allocations.

The Ministry of Labour and the Ministry of Economy will lose the most money, 65 and respectively 51 million lei.

The draft also provides cost savings to the ministry of culture, 8.6 million lei, the defense ministry, 3.9 million lei, the High Court of Cassation and Justice, more than 2 million lei, the Account Court, one million and a half the Competition Council.

Reduction of less than one million of the budget will be made ​​at a number of other institutions including European Affairs, National Integrity Agency, Foreign Intelligence Service and the Romanian Radio Broadcasting.

The Public Television will receive, after the budget correction, with nearly two million lei less.

On the other hand, according to Mediafax, the draft amendment also provides a series of increases in spending on agriculture ministry, with 400 million lei, Ministry of Interior, 156 million lei, Ministry of Health, nearly 58 million lei, ministry of justice and ministry of Foreign Affairs.

There will be increased also the budgets of the General Secretariat of the Government, the Romanian Intelligence Service, the Special Telecommunications Service, Romanian Academy and the Romanian Cultural Institute.

Correction of social security budget 2012

After analyzing the budget execution in the first 8 months of the year has been imposed the second rectification of the social security budget for 2012 in order to maintain the budget deficit at a sustainable level, ensuring the appropriate payment amounts resulting from differences in addition to the revision of pensions, reads the document posted on the ministry of Finance site.

According to the document, by applying new provisions, it can be ensured the full and timely payment of social insurance rights for all the principal officers of this budget.

To this end, given the conditions of the current income cuts of the public system pension, is increased the subsidy from the state budget to the amount of 175.6 million lei, shows the substantiating rectification document of the social insurance budget for 2012.

Translated by Alexandra-Diana Mircea

MTTLC, Bucharest University

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