The draft State Budget Law for 2022 was launched on Sunday morning in public debate, on the website of the Ministry of Finance, which was set on revenues worth 216.473 billion lei, and expenditures in the amount of 493.215 billion lei engagement loans and of 301.758 billion lei budget loans, with a deficit of 85.285 billion lei.The budget for next year is built around an economic growth of 4.6% and an ESA deficit of 6.24% of GDP, according to the report on the macroeconomic situation for 2022 and its projection for 2023-2025.The report on the macroeconomic situation for 2022 and its projection for the years 2023-2025 show that the draft budget is configured on an economic framework with an economic growth of 4.6% forecast for 2022, with a peak in 2023 of 5.3% and an average annual rate of 4.9% over the entire horizon 2023-2025, higher than that estimated to be recorded in the EU and the Eurozone, 4.3%, given that the economic shock caused by the pandemic is one of the most significant in recent history, having, in the case of Romania, the particularity of a relatively rapid return of real GDP to the pre-pandemic level.According to the report, the deficit is estimated at 76.983 billion lei, respectively a share in GDP of 5.84%. In 2022, the ESA deficit is estimated at 6.24% of GDP in 2022, the cash deficit at 5.84% of GDP, and the structural deficit at 5.71% of GDP.The budget deficit forecast for the next three years shows a gradual reduction in the ESA deficit to 4.40% of GDP in 2023, 2.90% of GDP in 2024 and 2.02% of GDP in 2025.In 2022, investment expenditures amount to approximately 88.4 billion lei, representing 6.7% of GDP, and in 2025 they should reach approximately 136.2 billion lei, an increase in absolute value compared to 2022, but also as a percentage in GDP with a peak in 2025 of over 8% of GDP, and in 2024 they will represent 4.81% of GDP, an increase of 6.1 billion lei compared to 2021, with a peak in 2020 -2022.
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
European chief prosecutor Laura Codruța Kovesi, the former head of Romania's National Anticorruption Directorate (DNA), said she was “shocked” by the revelations made by magistrates in the Recorder documentary ‘Captured Justice,' released on December 9. The media investigation, which fueled major street protests in Romania, details how...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
The minister of economy, Radu Miruţă, announced that the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP) fined him, as a natural person, for "wanting a clean and fair management at a state-owned company" - Avioane Craiova. The fine is apparently linked to comments made by minister Miruţă about the management teams appointed […]
