The Government approved the budgetary rectification for the state budget, the social insurance budget and the unemployment insurance budget, taking into account the macrocosmic forecasts developed by the National Forecasting Commission, the Minister of Finance, Marcel Bolos, announced on Monday.The indicators on which the rectification was carried out are economic growth revised to 2.8%, a GDP deflator of 7.2% and an updated GDP of 1768.8 billion RON.The revenues of the general consolidated budget in 2024 reach 620.2 billion RON and the expenses of the general consolidated budget amount to 743 billion RON. "There is a surplus of budget revenues after the first eight months, revenues that we use to develop Romania! 84% of the deficit goes to the investment area. We are the first European state in terms of the ratio between the deficit and the volume of investments. Obviously, at this level investment record, the budget deficit also increases to 6.9% of the Gross Domestic Product, but it is a sustainable deficit, taking into account that 8.5 RON out of 10 RON spent go to highways, hospitals, schools and gas networks, water and other objectives of local interest," stated Marcel Ciolacu at the beginning of the government meeting.The prime minister said that this money returns to the economy and multiplies: for one euro invested, six or eight euros return to the state."That's why we have to go forward with a lot of courage. We don't have time for philosophers who, as prime ministers, had a deficit of 9.2%, and investments were only 1.7% of GDP. They only knew how to consume, not to build! Now, the consumption margin is very limited and it is vital to keep it that way," said Ciolacu. (Photo:https://gov.ro/)
TEKUNI, a program dedicated to students and young entrepreneurs, was launched in Timișoara through a pilot project, with a future goal of nationwide expansion. The program offers a complete training path, structured into 7 modules that cover all stages of building a startup: from idea validation and MVP development to branding, marketing, legislation, finance, leadership, […]
The Romanian capital will be in the spotlight at the festival Un Week-end à l'Est, which runs in Paris until December 1. The event, which aims to present the artistic, literary, and intellectual richness of an Eastern European city, has previously focused on Warsaw, Odessa, Kyiv, Sofia, or Budapest. At its ninth edition, it is […]
Romanian tax agency ANAF has sued former president Klaus Iohannis in order to recover the loss of use of half of a property in the center of Sibiu. “The action represents a continuation of the steps that ANAF has taken for the recognition of the state’s ownership right and the recovery of compensation determined by […]
Romania will face Turkey in the semi-final of the World Cup qualifying play-offs, with the match scheduled to take place away from home on March 26 next year, Biziday.ro reported. A win would send the national team into the play-off final on March 31, where it would meet the winner of the Slovakia–Kosovo match. Romania […]
An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...
Mercenary Horațiu Potra, who faces charges of attempting to undermine constitutional order in Romania, is being flown back to Bucharest under police escort after authorities in the United Arab Emirates approved his extradition,
