BUDGET REVISION
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Fiscal Council: August Revision To Put Extra Pressure On Future Budgets
Romania’s upcoming budget revision fails to present sustainable measures to offset the low fiscal collection in the first half of the year or the planned reduction of the social security tax...
Health, Defense, Education Ministries To Get Extra Money At Budget Revision
The Ministries of Health, Defense, Economy, Education, Transport, Labor, Culture And Interior will get extra money at the upcoming budget revision, while funds will be cut from the Finance a...
Fiscal Council: Budget Revision Based On Overestimated Revenue
The Romanian Government’s recent announced budget revision breaks several fiscal-budgetary rules and is based on unrealistic expectations, especially overestimated revenue from the income ta...
Romania Ups 2013 Budget Deficit Target To 2.3% Of GDP
Romania will raise the 2013 deficit target to 2.3% of the gross domestic product at this year’s first budget revision due shortly, Prime Minister Victor Ponta said Monday.
Government Allots Extra EUR33M To Health Ministry
Romania’s Health Ministry has been allotted extra 150 million lei (EUR33 million) at this year’s second budget revision and expects to collect some RON350-400 million from the clawback tax.
Fiscal Council: Government Breaches Fiscal Responsibility Law By Increasing Budget Expenses
Romania’s Government harms the credibility of the fiscal responsibility law by further increasing budget expenses, according to the Fiscal Council.
Georgescu: Romania To Revise 2012 Budget End-July
Romania's Finance Minister Florin Georgescu Wednesday said the government plans a first revision of the 2012 state budget at the end of July to incorporate an 8% salary increase in the publi...
Cuts Expected At Romania’s 2nd Budget Revision In November
Romanian government is due to release its second budget revision of 2011 at the end of November, with new spending cuts across the board, people familiar with the matter said Thursday.
Fiscal Council: 2012 Budget Gap Target Difficult To Achieve
Romania’s 2012 budget deficit target of 3% of the gross domestic product will be “very difficult to achieve”, particularly since the fiscal strategy doesn’t factor in the situation of state-...