BUDGET
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Transport Ministry Budget Cut By RON1.25B
The budget of the Romanian Transport Ministry was reduced by 1.25 billion lei (EUR279.9 million) to RON13.42 billion, in the budget revision approved last week by the Government.
Romania January-July Budget Gap Widens Slightly To RON6.97B
Romania’s consolidated budget posted a deficit of 6.97 billion lei (EUR1.55 billion) in the first seven months, equal to 1.15% of the gross domestic product, Finance Ministry data showed Fri...
Government Cuts Investments To Boost Social Spending In Budget Revision
The government increased personnel spending by 1.1 billion lei (EUR0.25 billion) in the budget revision but cut investment expenses financed by the budget and European funds by RON2 billion.
Romania’s Development Ministry Budget Cut By RON223M, Priority Projects Not Affected
Romania’s Ministry of Regional Development said in a press statement Friday that its budget was cut by 223 million lei (EUR49.6 million), down to RON1.979 billion, following the budget revis...
Tax Authorities Might Introduce Extra Penalties For Undeclared Fiscal Debts
Taxpayers will pay penalties of 30% of the principal for undeclared fiscal debts, on top of the interest and overdue penalties provided by current law, according to an ordinance drafted by R...
Romania Expects Lower State Budget Revenues In 2012
Romania’s Government expects revenues to the state budget to decrease by more than 2.1 billion lei (EUR462 million) in 2012, namely 0.4% of the gross domestic product, according to a draft o...
Government Ups Statistics Institute’s Budget For National Census
The Romanian Government increased the budget of the National Statistic Institute, INS, with 11.2 million lei (EUR2.47 million) for processing the data collected at the last national census,...
Romania Runs RON400M Budget Surplus In June
Romania’s consolidated budget posted a surplus of 400 million lei (EUR86.6 million) in June after four consecutive months of deficits, Finance Minister Florin Georgescu said Wednesday.
Government Allots Extra RON5M To Romanian Intelligence Service
Romania’s Government has increased the budget of the Romanian Intelligence Service by 5 million lei (EUR1.08 million), following a decision of the Supreme Defense Council (CSAT), Finance Min...