BUDGET
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EU: Romania Lacks Vision, Strategy For 2014-2020 Budget
The Romanian Government process on drafting the budget for 2014 to 2020 is not suitable, lacks vision and strategy, failing to take into consideration the European Commission’s recommendatio...
Budget Deficit Widens Slightly To 1.17% Of GDP In First 8 Months
Romania’s consolidated budget posted a deficit of 7.11 billion lei (EUR1.57 billion) in the first eight months, equal to 1.17% of the gross domestic product, Finance Ministry data showed Tue...
Ponta Says Higher Energy Royalty Rates, Different VAT Rates May Increase Budget Revenues
Increasing royalty rates in the energy sector and charging different sales tax rates to support agriculture are some of the measures meant to increase budget revenues between 2013 and 2016,...
Bucharest Subway Operator Sees Budget For Fifth Mainline Halved
The budget allotted for the construction of Bucharest’s fifth subway mainline linking Drumul Taberei to Universitate was cut by more than half after the 2012 budget revision, subway operator...
Romania Adds RON5.5M To Budget For Strengthening Of Earthquake-Prone Buildings
Romania's Regional Development Ministry has added 5.5 million lei (EUR1.22 million) to the budget of a project to strengthen public buildings to resist earthquakes.
Sources: Budget Deficit Widens Slightly To 1.18% Of GDP In First 8 Months
Romania’s consolidated budget posted a deficit of 7.16 billion lei (some EUR1.6 billion) in the first eight months, equal to 1.18% of the gross domestic product, government sources said Tues...
Romania Might Get More Than EUR40B From EU For 2014-2020
Romania may be allotted between EUR40 billion and EUR47 billion by the European Union for the 2014-2020 period, said Razvan Cotovelea, state secretary in the Ministry of European Affairs.
Government Assigns RON199M For Parliamentary Elections
Romania’s Government on Saturday assigned a total budget of 199 million lei (EUR44.6 million) for the parliamentary elections to be held on December 9.
Finance Ministry: Budget Revenue Down To 32.3% Of GDP
The share of budget revenues in the gross domestic product has been adjusted as part of the budget revision from 33.9% to 32.3%, according to information sent by the Finance Ministry.