The draft budget for next year is configured on an economic growth of 2.8%, in the context in which the economic shock caused by the pandemic is one of the most significant in recent history, shows the draft state budget law for 2023 published on Tuesday by the Ministry of Finance.The gross domestic product in current prices is estimated to increase to 1,552 billion RON, from 1,396 billion RON this year.The ESA budget deficit in 2023 is calculated at 4.4% of GDP, and it will reach 2.9% of GDP in 2026, falling within the provisions of European regulations at the end of the forecast horizon (year 2024), respectively 2.95% of GDP. In 2024, the cash budget deficit reaches the value of 2.95% of GDP, with which it falls within the European regulations, reads the cited document.On the general consolidated budget, total expenses are expected to be 607.924 billion RON in 2023. Budget expenses next year will represent 39.17% of GDP, with a downward trend in 2026. Investment expenses amount to approximately 112.1 billion RON, representing approximately 7.22% in GDP, and in 2026 they will reach approximately 154.2 billion RON.Budget revenues in nominal terms are estimated at 539.6 billion RON (34.77% of GDP), increasing in nominal value over the reference horizon, reaching 655.1 billion RON in 2026 (32.78% of GDP). Social insurance contributions (30.1% of total revenues) account for the largest share of budget revenues in 2023, followed by VAT (21.1%), amounts received from the EU (13.2% of total revenues), and excise duties (7.1%).According to the draft budget, inflation at the end of the year would slow down to 8% in 2023, compared to 15.2% in 2022, while the current account deficit will decrease to 8.5% of GDP, from 8.8 % this year.Salaries are expected to rise 1.7% next year, after a 2% decline this year.
Nine O’Clock daily newspaper: articles from tomorrow’s Printed Edition dated Monday OCTOBER 02, 2023 PM Ciolacu puts to rest security fears over Russian hypothetical threat Senate’s Ciuca, to Romanians in Ireland: We expect you home, where things will change Participation of Minister of Foreign Affairs Luminița Odobescu at the Opening...
Exhibition ‘Brancusi: Romanian Sources and Universal Perspectives’ opens in Timisoara The exhibition “Brancusi: Romanian Sources and Universal Perspectives” opened to the public on Saturday at the National Art Museum (MNArT) of Timisoara, this year’s European Capital of Culture, in the presence of several hundred Romanian and foreign tourists eager to...
Her Majesty Margareta, Custodian of the Romanian Crown, and HRH Prince Radu on a special visit The European Union Satellite Centre on 25 September 2023 The European Union Satellite Centre had the privilege of hosting Her Majesty Margareta, Custodian of the Romanian Crown, and HRH Prince Radu on a special...
Her Majesty Margareta, Custodian of the Romanian Crown, and HRH Prince Radu meet the Romanian community in Toledo, Spain Her Majesty Margareta, Custodian of the Romanian Crown, and His Royal Highness Prince Consort Radu traveled on Thursday to Toledo, the capital of the province of the same name in the...
Mr. Cătălin Predoiu, Deputy Prime Minister, and Minister of Internal Affairs: Romania will help Italy, after the island of Lampedusa is overwhelmed by migrants Press release regarding the JAI Council – Internal Affairs section of 28.09.2024/ Statement of the Minister of Internal Affairs after the meeting Posted on: 2023-10-01 Source: https://www.mai.gov.ro...
Information regarding the implementation of the National Program for the Reduction of School Dropout: There are no problems regarding the supplementing of the sums necessary for schools to implement the activities undertaken through the projects of PNRAS The date of publishing: Friday, September 29, 2023 Source: www.edu.ro With regard to...