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.
Romanian producers from Timiș and Tulcea claimed three gold medals at the 2025 edition of the Concours International de Lyon, one of Europe’s leading cheese and dairy competitions. Held in Lyon, the event brought together products from 15 countries and awarded a total of 680 medals, including 459 gold and 221 silver. From Romania, Asociația […]
Romania’s national team learned its potential group-stage opponents for the 2026 FIFA World Cup on Friday, December 5, during the official draw held at the John F. Kennedy Center for the Performing Arts in Washington, D.C. The winner of the UEFA play-off path that includes Romania will join Group D, alongside the United States, Paraguay, […]
Romanian president Nicuşor Dan is paying an official visit to France on Monday and Tuesday, with a schedule that includes meetings with French leader Emmanuel Macron, Paris mayor Anne Hidalgo, and members of the Romanian community,
The December 7 elections in Bucharest marked the lowest turnout in the last decade, but were also a major win for the National Liberal Party (PNL) since its candidate, Ciprian Ciucu, won a majority of votes in 5 of the 6 districts of the capital. In District 1, Ciprian Ciucu obtained 40.29% of the votes. […]
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
