vineri

12 august, 2022

budget

Before analysing the two graphs below, let’s set the coordinates: Expenditures with public sector staff (i.e. state employees) in the 2021 Budget are expected to amount to about RON 110 billion, representing 62% of the total budget. If...
28 februarie, 2021
Romania had in the second quarter of 2020 the fourth-lowest increase in public debt relative to GDP among the EU Member States compared to the previous quarter but was at the EU average if the reporting is compared...
26 octombrie, 2020
The execution of the general consolidated budget in the first eight months of 2020 registered a deficit of RON 54.77 billion (5.18% of GDP, an increase by half a percentage point of GDP compared to July), of which...
5 octombrie, 2020
The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News agencies published, on Wednesday night, a series of information – provided „on sources”...
5 august, 2019
Relatively recently joined the functional market economies club, although it has multiple pending development (not just economic) issues, Romania looked around and chose a poisonous mix of reduced incomes in terms of GDP share, specific to the Anglo-Saxon...
20 mai, 2019
Although at first glance it is difficult to draft them, Romania’s public budgets are, in fact, a series of indicators and lists of revenues and expenditures that are not going to have anything to do with the reality....
11 februarie, 2019
Romania equalled the UK at the top of European countries in terms of negative balance on the current account to GDP in the third quarter of 2018, with 1.5% (in nominal terms, EUR -3.2 billion for us and...
21 ianuarie, 2019
Romania insists on staying on the penultimate position among the European Union member states in terms of R & D expenditure in 2017, according to data published by Eurostat. With just 0.5% of GDP, slightly higher than in...
27 noiembrie, 2018
After a successful public finance adjustment before the colleagues within the Eastern bloc, Romania went back significantly toward the budget deficit threshold despite the steady economic growth in the last two years (-2.9% in 2016 and 2017, after...
29 octombrie, 2018
The application of pension change in the mid-year, by nine percentage points last year (when the pension point was arbitrarily rounded from 917.50 lei to 1,000 lei) and ten percentage points this year, has the effect of increasing,...
1 octombrie, 2018
Romania does not endorse a separate budget for Eurozone and rejects the idea of taxing financial transactions, Minister of Public Finance Eugen Teodorovici said after a meeting with his peers from the European Socialists’ Party (PES) held in...
24 septembrie, 2018
The International Monetary Fund (IMF) recommends Romania a „comprehensive revision of the tax system,” according to the institution’s 2018 annual report. The recommendation has been issued in the context of the need to focus the tax policy on...
11 iunie, 2018
The consolidated budget ended the first two months of 2018 with a deficit of 0.59% of the estimated GDP for the current year, according to the data released by the Ministry of Finance. It is for the first...
2 aprilie, 2018
Total compensation that the state will pay to detainees who have been imprisoned in improper conditions will be between EUR 370 million (in the case of a 5 euro a day compensation) and EUR 550 million (for 8...
2 aprilie, 2018
According to the Eurostat data, Romania is at the lowest level of public investment as a share of GDP in the entire period monitored, with only 3.6%. The figure is valid for 2016, but neither in 2017 did...
29 ianuarie, 2018
Romania undertook, between 2006 and 2016, the most bizarre policy on public funds of all European countries, according to an analysis released by Eurostat. Starting from the last position in terms of the share of budget revenues in...
18 decembrie, 2017
The first time it happens, the second time it can be a coincidence but for the third time it is already confirmed the establishment of a strategy that can only lead to draining the public finances and exposing...
11 decembrie, 2017
The intentional non-payment of taxes and contributions due to the budget, subject to the withholding regime, will be considered a tax evasion, according to a draft emergency ordinance that is under the public debate on the website of...
11 decembrie, 2017
The Fiscal Council published a preliminary opinion on the 2018 draft state budget on Wednesday, stating that this draft remains within the already traditional pro-cyclical fiscal policy, leading to deepening the deviation from the medium-term objective, in contradiction...
11 decembrie, 2017
According to data released by the Ministry of Finance, Romania received only EUR 3.05 billion in the first three quarters of 2017, of which EUR 3.04 billion for the 2014-2020 financial framework and the remaining EUR 9.67 million...
27 noiembrie, 2017

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