The 2024 state budget and the state social insurance budget for 2024 draft laws were approved by the government on the Thursday evening sitting, a press release by the Executive informs.At the same time, a draft law was also adopted for the approval of the ceilings of certain indicators specified in the fiscal-budgetary framework for the year 2024.The draft laws have been approved and will be sent to the Parliament with the request to be debated and adopted in the emergency procedure, the press release reads.The draft ordinance regarding some fiscal-budgetary measures in the field of public expenditures, for fiscal consolidation, for the modification and completion of some normative acts, as well as for the extension of some deadlines, was also approved.At the beginning of the Executive reunion, prime minister Marcel Ciolacu declared that the state budget for 2024 will be focused on investments, their value amounting to around 7% of GDP.He added that for next year, the government aims for an economic growth of 3.4%, "the second highest in the EU", and this means 150 billion RON more to Romania's GDP compared to this year."The social security budget that we approve today also proves that there is money both for the increase of pensions from the 1st of January with the inflation rate of 13.8%, and for the recalculation of pensions from the 1st of September. Funds are also foreseen to increase allowances and social benefits," Ciolacu assessed.The prime minister said that teachers' salaries will be increased and that there is a need for a 5% increase in the budget system, "but not for dignitaries"."Investments amount to 120 billion RON, an absolute record since 1989. We have the largest budget in history for Education, with over 21 billion RON more than in 2023. For Transport, we are allocating 27% more money to support infrastructure investment, this means an additional 6.5 billion RON for other completed highway lots, electric trains, new carriages and port modernization works. There are also major additions of between 30% and 50% for Health, including the House of Health, Environment and Development. Here we are talking about the Anghel Saligny programme, where we are allocating 3.7 billion RON more, double and more compared to 2023. (...) We are massively funding all priorities to the Government, human capital in Education, new modern units in Health, infrastructure development, environmental protection and the modernization of living conditions in rural communities. All are real needs of the country and meet the expectations of the Romanians. I repeat, there will be no tax increases in 2024, the increase of income being exclusively the effect of the economic multiplication of investments and, obviously, the fight against evasion," the head of the government also stated. The joint session of the Parliament to debate the budget projects will start on Tuesday, from 20:00, and the final vote will be given on Wednesday.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
