Ascultă Radio România Actualitaţi Live

State budget for 2019

Defense receives 2% of the Gross Domestic Product as a result of commitments made to NATO.

State budget for 2019

Articol de Iulian Olescu, 01 Februarie 2019, 22:53

State budget for 2019, published by Public Finance Ministry, is built on a Gross Domestic Product of over one thousand billion lei, an economic growth of 5.5% and a deficit of about 2.55%. Annual average inflation was estimated at 2.8%. Several amounts of money would be earmarked for investment, Health and Education. Budget also foresees a new increase in pensions this autumn.

Defense receives 2% of the Gross Domestic Product as a result of commitments made to NATO. A decrease in funds would be made either at the Ministries of Business Environment, Communications and Energy.

Consolidated general budget revenues projected for 2019 are estimated at 341.4 billion lei, or 33.4% of GDP. The highest revenues are forecast for social insurance contributions, VAT, excise duties, salary and income tax.

Spending of the consolidated general budget for 2019 is estimated to 367.5 billion lei, which is 35.9% of GDP. The largest shares in the Gross Domestic Product are covered by social care and staff expenditure.

According to the Executive, main objectives of 2019 budget are support of public investments by allocating 46.8 billion lei, Health - approximately 5 billion lei higher compared to 2018, which means an increase of 12 % in the budget of the Ministry of Health as well as in the National Health Insurance House, and Education, which received in addition from the state budget, compared to last year, about 9.8 billion lei, representing an increase of 47 % to cover wage and investment increases. Budget for 2019 also includes allocation of 2% of GDP for the Defense, in line with commitments made to NATO partners, the necessary sums to raise pensions by 15% from September on were secured and public institutions have the amount of 318.8 million lei for financing the actions of Romania’s Presidency of the EU Council.

Ministries for the Business, Communication and Energy Environment have been allocated lower amounts compared to 2018.

Source:RRA.Translated by Miruna Matei

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
Internship at the Romanian Government
News in English 29 Martie 2025, 20:52

Internship at the Romanian Government

Young people interested in how public administration works can apply for a new edition of the internship program at the...

Internship at the Romanian Government
If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu
News in English 29 Martie 2025, 20:51

If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu

If the current majority coalition will remain on the defensive, it will make a serious mistake, says Prime Minister Marcel...

If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu
Romania should stop making substantial changes to the legal framework before elections
News in English 27 Martie 2025, 15:18

Romania should stop making substantial changes to the legal framework before elections

Romania should refrain from making substantial changes to the legal framework shortly before elections, according to...

Romania should stop making substantial changes to the legal framework before elections