The budget deficit rose to 8.65% of GDP last year, from 5.61% of GDP in 2023, according to data published on Wednesday evening by the Ministry of Finance.In the ESA system, a higher budget deficit was recorded in 2009 - 9.5% and in the year of the pandemic 2020 - 9.2%."The execution of the general consolidated budget for 2024, according to operational data, ended with a deficit of 152.72 billion RON, respectively 8.65% of GDP compared to the deficit of 90.06 billion RON, respectively 5.61% of GDP, for 2023", announced the Ministry of Finance.Total revenues amounted to 574.60 billion RON in 2024, registering an advance of 10.4% (year/year), supported by current revenue receipts (+17.4%): mainly insurance contributions, VAT, excise duties, payroll and income tax, profit tax and non-tax revenues, which also include the effects of the tax amnesty established by Emergency Ordinance no. 107/2024.The consolidated general budget expenditures in the amount of 727.32 billion RON increased in nominal terms by 19.1% compared to the previous year. Expressed as a percentage of Gross Domestic Product, expenditures for 2024 registered an increase of 3.16 percentage points compared to 2023, from 38.06% of GDP to 41.22% of GDP.The budget for 2024 was initially built on a deficit of 5% of GDP.
Update: After the counting of the almost 590,000 votes cast in Bucharest, Liberal (PNL) candidate Ciprian Ciucu won the elections for general mayor with 36.1% (over 211,000 votes), holding a lead of more than 14 percentage points over the runner-up. Anca Alexandrescu (21.94%), the candidate...
The exit polls published on Sunday, December 7, at 9 PM, give Ciprian Ciucu as the winner of the elections for Bucharest's new general mayor. The candidate backed by the center-right National Liberal Party won 32.7% of the votes, over 6% ahead of Daniel Băluță, who was backed by PNL’s coalition partner, the Social Democratic […]
Close to 1.8 million Bucharest residents are expected to cast their ballot on Sunday, December 7, to elect the city's next mayor. The post has been vacant since Nicușor Dan was elected president this May. He had secured a second mandate as mayor of Bucharest in June 2024, having won over 48% of the votes. […]
I am a bit late to the party, but I have thoughts (and concerns) on Radu Jude’s much talked-about Dracula, and even more thoughts (and compliments) on other films that I fear might have gone under the radar a bit. Let’s go! There is no more recognizable marketing asset for the local tourism (and no […]
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
