PUBLIC FUNDS
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KPMG: Romania Needs More Transparency In Public Spending
The lack of transparency, efficiency and responsibility of the public local administrations can be a major risk for Romania’s economy and more transparency could be the way to avoid potential insolvencies in the public sector, according to Serban Toader, senio...
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.
SNLO Made Unlawful Payments, Causing Losses To State Budget In 2009-2011
The management of Romanian state-owned mining company SNLO has caused significant losses for the state budget, through unlawful spending in 2009-2011, including paying for bogus projects and...
EUR6B Dissipated Each Year In Healthcare System
The tensions generated by the reform of the health system reached maximum highs, with people taking to the streets, but there is still a need to clarify the lack of transparency in the spend...
Government To Exempt RA-APPS From Local Property Taxes
Romania's Government will exempt public institutions and RA-APPS, the authority that administers government real estate properties, from paying local taxes on their buildings, says the emerg...
Public Officials Without Government Residence Will Pay Rent With Public Money
Romanian public officials whose residences will be sold by RA-APPS, the authority that manages government buildings, will have to find a new home on the market, but their rent up to 18,600 l...