The government has allocated RON 13.6 billion from the Budget Reserve Fund for education, health care, social assistance benefits and pensions, Finance Minister Marcel Bolos announced on Thursday, noting that this mechanism will be used until the end of the year for the appropriate control of state budget spending."The government has allocated RON 13.6 billion from the Budget Reserve Fund for important activities such as education, health care or social assistance benefits, including the funds necessary for the disbursement of pensions. The Budget Reserve Fund mechanism was adopted as we pursue a year-end budget deficit target of 4.4 percent of GDP, as set forth in the Convergence Program, and this is an extremely serious commitment undertaken towards the European Commission. Under these circumstances, the control over state budget expenditures must be an appropriate one, attaching utmost priority to the state's operating expenses, but also to the completion of investment projects with EU funding," Bolos said at the Victoria Palace of Government after the meeting of the Executive.He explained that through the Cohesion Policy for the 2014 - 2020 programming period, Romania must absorb an EUR 24 billion allocation until December 31, 2023."That's why these types of investments are the priority in financing and implementing projects," the minister emphasized.According to Marcel Bolos, Ordinance No. 90 of 2023 was approved exactly in order to ensure a correct management of state budget allocations, its purpose being to ensure priority funding for EU-funded investment projects, as well as for those financed under the National Recovery and Resilience Plan."As such, we will use the Budget Reserve Fund mechanism until the end of the year and we will try to ensure full financing for these priority investment projects for Romania," the Finance minister said.
President Klaus Iohannis is to hold consultations with the parliamentary parties on nominating a candidate for the prime minister job on Sunday, December 22, the Presidential Administration announced. The president, whose mandate has been extended after the
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
