The Government approved the budgetary rectification for the state budget, the social insurance budget and the unemployment insurance budget, taking into account the macrocosmic forecasts developed by the National Forecasting Commission, the Minister of Finance, Marcel Bolos, announced on Monday.The indicators on which the rectification was carried out are economic growth revised to 2.8%, a GDP deflator of 7.2% and an updated GDP of 1768.8 billion RON.The revenues of the general consolidated budget in 2024 reach 620.2 billion RON and the expenses of the general consolidated budget amount to 743 billion RON. "There is a surplus of budget revenues after the first eight months, revenues that we use to develop Romania! 84% of the deficit goes to the investment area. We are the first European state in terms of the ratio between the deficit and the volume of investments. Obviously, at this level investment record, the budget deficit also increases to 6.9% of the Gross Domestic Product, but it is a sustainable deficit, taking into account that 8.5 RON out of 10 RON spent go to highways, hospitals, schools and gas networks, water and other objectives of local interest," stated Marcel Ciolacu at the beginning of the government meeting.The prime minister said that this money returns to the economy and multiplies: for one euro invested, six or eight euros return to the state."That's why we have to go forward with a lot of courage. We don't have time for philosophers who, as prime ministers, had a deficit of 9.2%, and investments were only 1.7% of GDP. They only knew how to consume, not to build! Now, the consumption margin is very limited and it is vital to keep it that way," said Ciolacu. (Photo:https://gov.ro/)
Romanian athlete Andrei Rareș Toader secured the gold medal in the men's shot put event at the European Athletics Indoor Championships in Apeldoorn on Sunday, March 9. Toader achieved a personal best and set a new national record with a throw of 21.27 meters, surpassing his previous record of 21.21 meters set in Ostrava just […]
Smartree HRTech, a leading provider of integrated payroll and human resources software solutions, announced the appointment of Nicoleta Mihaiu as its new CEO. Mihaiu’s expertise and vision “will strengthen the management team and further solidify Smartree’s position as a market leader in payroll and HR software solutions,” the company said. “I am honored to join […]
Supporters of far-right and pro-Russian politician Călin Georgescu became violent with police forces after his candidacy was invalidated by the Central Electoral Bureau, or BEC, on Sunday night, March 9. Some threw stones, firecrackers, and bottles at security forces, while others started fires and even flipped over a car of a local news station. Several gendarmes […]
The Apprentice, director Ali Abbasi's movie in which Romanian-born actor Sebastian Stan plays a young version of Donald Trump, premiered on Max on March 7. This role earned Stan his first-ever Oscar nomination this year. The film delves into the early years of Donald Trump’s career in the 1970s, focusing on his ambition to step out […]
Two people have lost their lives in the wildfires sweeping through multiple counties in Romania, the authorities announced. A 67-year-old woman in Maramureș county lost her life on March 7, while a 78-year-old man from Vâlcea county was found dead on March 9. In addition to the fatalities, two people have been injured, including a […]
The Sibiu-based company Con-A won, as the leader of an association, the tender for the construction of the RON 1.8 billion (EUR 360 million, VAT excluded) Craiova regional emergency hospital, Turnul Sfatului and Economedia.ro...
