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.
On November 20th, 2025, the Bucharest Stock Exchange (BVB) celebrated 30 years since its reopening, organizing a series of anniversary events along with various representatives of the Romanian capital market. Three decades ago, the first transactions took place on the BVB, and the Romanian investment landscape as we know it today began to take shape. […]
With the holidays just around the corner, we’ve created the new Collection of Boromir Infused Cozonac with natural vanilla syrup and pistachio. Unique, slightly moist, and richly filled, our latest assortments of Boromir Infused Cozonac make every festive moment with your loved ones even more special. Each bite melts in your mouth, bringing warmth, comfort, […]
Romanian airline AnimaWings announced on Friday, November 21, that starting in 2026, it will operate five new air routes from Timișoara International Airport, serving holiday destinations in Italy and Greece. The new connections include Athens (ATH), Olbia – Sardinia (OLB), Kefalonia (EFL), Thessaloniki (SKG), and Kavala (KVA). “We want Timișoara to become a reference point […]
President Nicușor Dan promulgated a law establishing October 29 as Queen Marie Day, following the bill’s adoption by the Chamber of Deputies on October 28, news agency Agerpres reported. The new law designates the date as a day dedicated to commemorating the life and historical contribution of Queen Marie of Romania. On October 29, public […]
Horaţiu Potra, the mercenary leader with alleged ties to Russia who previously fled Romania, was placed under preventive arrest for 30 days after his extradition from Dubai. He is investigated for attempted actions against the constitutional order, violation of the regime of weapons and ammunition, and violation of the regime of explosive materials. The same preventive […]
Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]
