The budget deficit for 2024 is likely to significantly exceed the 2023 deficit, with major risks to the budgetary consolidation process, warns the Fiscal Council in a preliminary opinion on the draft laws on the state budget and the state social security budget and on the Fiscal Budget Strategy for 2024-2026.The Fiscal Council received a first set of documents on the three draft laws from the Ministry of Finance on 9 December, with a new set of drafts to be sent to the institution in the afternoon of 13 December. Under these circumstances, the Fiscal Council states that it was unable to review the extended opinion, so it decided to issue a preliminary opinion."The budget deficit in 2023, according to the documents submitted by the Ministry of Finance, is 5.9% of GDP in the cash methodology and 6.0% of GDP in the European/ESA methodology," the preliminary opinion of the FC reads.The state budget for next year is based on an economic growth of 3.4% and a budget deficit of 5% of GDP.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
