Ascultă Radio România Actualitaţi Live

The Government will approve the budget next week

The objectives that the government has settled for 2011 are a budget deficit of more than 4.4 percent of GDP and an inflation rate which shouldn`t go over 3 percent.

The Government will approve the budget next week
Prime Minister, Emil Boc. Photo: Agerpres.

Articol de Petruţa Obrejan, 03 Decembrie 2010, 09:49

Romania`s budget for next year will be approved by the government until early next week, with a delay of more than two months.

The possible reasons for this delay could be the new salary law to pay the employees working for the state, reaching the deficit target, and also the payment of arrears, which was asked for by Romania`s international sponsors.

Six ministries may receive more money in 2011.

It also seems established that the public pensions, including the minimum guaranteed pensions, will stay the same in 2011.

The objectives that the government has settled for 2011 are a budget deficit of more than 4.4 percent of GDP and an inflation rate which shouldn`t go over 3 percent.

The Government spokeswoman, Ioana Munteanu, said that the executive was first waiting for the meeting of the Economic and Social Council, so that, later on, both budgetary projects for 2011 would be approved in an extraordinary meeting.

The Finance Minister, Gheorghe Ialimiţianu, declared after participating in a seminar, that they intended to design a budgetary project for next year, focused more on investments and co-financing, because Romania cannot prepare a budget which would only cover salaries and fund the financial costs.

Regarding the compensation given to mothers and the period during which they can stay at home to raise the children, Ioana Muntean stated that there were several options, which were not, however, discussed on Thursday in the government and would also be reviewed in next week`s meeting.


Translated by Manuela Stancu and Andreea Velicu
MA Students, MTTLC, Bucharest University

When it comes to inflation, Romania is in the top
News in English 17 Noiembrie 2010, 10:53

When it comes to inflation, Romania is in the top

According to Eurostat, Romania is in the top of EU depending on the consumer prices value, of 7.9 percent in October,...

When it comes to inflation, Romania is in the top
EU Budget Commissioner visits Romania
News in English 24 Aprilie 2025, 15:34

EU Budget Commissioner visits Romania

The European Commissioner for Budget, Anti-Fraud, Fight against Fraud and Public Administration, Piotr Serafin, is visiting...

EU Budget Commissioner visits Romania
Executive agenda
News in English 24 Aprilie 2025, 15:33

Executive agenda

The government meets on Thursday to approve, among other things, the unblocking of more than 62.000 teaching posts in...

Executive agenda
Romanian heroes fallen in service commemorated in Oarba de Mures
News in English 23 Aprilie 2025, 22:47

Romanian heroes fallen in service commemorated in Oarba de Mures

Romanian heroes who fell on the Western Front were commemorated on Wednesday in Oarba de Mures, 80 years after the end of...

Romanian heroes fallen in service commemorated in Oarba de Mures
Bucharest citizens will be able to apply for an electronic ID card
News in English 23 Aprilie 2025, 22:46

Bucharest citizens will be able to apply for an electronic ID card

Bucharest residents can start applying for an electronic ID card from Thursday. Appointments can only be made online, and the...

Bucharest citizens will be able to apply for an electronic ID card
IMF cuts its growth estimates for the Romanian economy
News in English 22 Aprilie 2025, 23:15

IMF cuts its growth estimates for the Romanian economy

The International Monetary Fund has lowered its growth forecast for the Romanian economy this year to 1.6%, down from 3.3% in...

IMF cuts its growth estimates for the Romanian economy
EC: TikTok has made extra preparations to better manage the May elections
News in English 22 Aprilie 2025, 23:14

EC: TikTok has made extra preparations to better manage the May elections

The European Commission is continuing to work with the online platform TikTok to ensure that there will be no breaches of EU...

EC: TikTok has made extra preparations to better manage the May elections
The fire in Arges "could not have started by natural causes"
News in English 21 Aprilie 2025, 19:01

The fire in Arges "could not have started by natural causes"

The IGAV's two Black Hawk helicopters withdrew last night after dropping 240 tons of water, a vital aid because the...

The fire in Arges "could not have started by natural causes"