The budget deficit rose to 3.24% of the Gross Domestic Product (GDP) after the first four months of this year, the negative balance amounting to 57.29 billion RON, compared to 35.88 billion RON or 2.06% of GDP after the first three months, according to the data published on Monday by the Ministry of Finance (MF)."Execution of the general consolidated budget in the first four months of 2024 ended with a deficit of 57.29 billion RON, respectively 3.24% of GDP compared to the deficit of 27.35 billion RON, respectively 1.70% of GDP related to the four months of 2023", the MF informs.Total revenues amounted to 182.7 billion RON in the first four months of 2024, registering an increase of 15.3% at an annual rate, supported primarily by receipts from current revenues - insurance contributions, VAT, profit tax, tax on salaries and non-fiscal income - respectively by European funds.The expenses of the general consolidated budget in the amount of 239.99 billion RON increased in nominal terms by 29.2% compared to the same period of the previous year. Expressed as a percentage of the Gross Domestic Product, expenditures for 2024 registered an increase of 2 percentage points compared to the same period of 2023, from 11.6% of GDP to 13.6% of GDP.The budget for this year is built on a deficit decreasing to 5% of GDP, from 5.68% of GDP in 2023.
Romania has signed an intergovernmental contract with Türkiye for the purchase of a HISAR-class light corvette, marking a major step in the modernization of the Romanian Naval Forces. It is also the first international sale of a combat ship built in Türkiye to a NATO and EU member state, according to ASFAT representatives. The total […]
It’s the weekend of the St Nicholas celebration, but also of one for bookworms as one of Bucharest’s two major book fairs is on. Meanwhile, more season markets and events bring a festive atmosphere. ...
It’s the weekend of the St Nicholas celebration, but also of one for bookworms as one of Bucharest’s two major book fairs is on. Meanwhile, more season markets and events bring a festive atmosphere. ...
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
