Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Budget deficit, 4.03% of GDP after first 10...

Budget deficit, 4.03% of GDP after first 10 months of 2021

November 30, 2021

Execution of the consolidated general budget in the first 10 months of 2021 ended with a deficit of 47.98 billion lei (4.03% of GDP), dropping from the deficit of 74.04 billion lei (7.01% of GDP), registered during the same period of 2020, the Ministry of Finance informs.During the first 9 months of 2021 the budget deficit was 44.29 billion lei (3.77% of GDP).The Ministry of Finance informs that this evolution was determined by: increase of budgetary revenues by 1 percentage point of the GDP (year/year), mainly influenced by the advance of VAT receipts; budgetary expenses cuts by 2 percentage points of the GDP (year/year), mainly as a result of the ratio reduction in the GDP of the expenses with salaries and social assistance. Furthermore, during the period of January-October 2021, investment expenses were 2.71 billion lei higher than the same period of the previous year, and payments of exceptional nature generated by the COVID-19 pandemic were 11.36 billion lei.  

The text of this article has been partially taken from the publication:
Read in full - click here
'We're clean now': Back in power, Romania's PSD wants to put its toxic past behind it

Under Liviu Dragnea, the Social Democrats became a byword for corruption and graft. Now a new crop of leaders says that the party has changed.  

“Green, blue and circular” v. “black” economy for the Mediterranean?

“Heading towards a Greener Mediterranean” is the promotional slogan of the kick-off meeting for the launch of the INTERREG EURO-MED 2021-2027 program, to be held… Read More »  


December 1, 2021      On behalf of the United States of America, I congratulate the Romanian people as you celebrate Great Union Day, the anniversary of the unification of your country.      Romania and the United States enjoy a longstanding partnership built on shared values, common interests, and strong people-to-people connections.  We are proud to stand alongside Romania as NATO Allies, working together to […]

CNSU approves repatriation of Romanian citizens stranded in Kingdom of Morocco

 On Tuesday, the National Committee for Emergency Situations (CNSU) approved the repatriation of CNSU approves repatriation of Romanian citizens stranded in Kingdom of MoroccoRomanian citizens currently stranded in the Kingdom of Morocco.According to Decision 109, the repatriation will be conducted by also activating the EU Civil Protection Mechanism, as a result of the suspension of […]

Bogdan Aurescu, at the meeting of NATO Foreign Ministers

Minister of Foreign Affairs Bogdan Aurescu is participating, on Tuesday and Wednesday, in Riga, Latvia, in the meeting of NATO Foreign Ministers, an important milestone in preparing negotiation of NATO's New Strategic Concept. NATO, as well as the NATO Summit in Madrid in 2022."The Minister of Foreign Affairs, Bogdan Aurescu, will participate, between November 30 […]

Finance minister about 2022 budget: No new or higher taxes

Adrian Caciu, the minister of public finances, announced on Facebook, on Tuesday, that the draft budget for 2022 was being built and criticized the former liberal government. “We must recover many delays and things not carried out in time, and we are working on finding solutions,” Caciu said, pointing out that the government would not […]