This year’s third budget revision raises the budget deficit projection for 2020 to 9.1% of GDP, respectively, higher by 0.5 percentage points than the level envisaged at the budget revision operated in August 2020.
The deficit posted by the general consolidated budget is expected to widen by RON5 billion, according to finance minister Florin Citu.
Revenues to the consolidated budget are envisaged at RON337 billion and budget spending is seen at RON433 billion.
The minister said the government allotted more money for the healthcare, agriculture, social assistance and education sectors.
The health ministry’s budget was raised by RON1 billion, a total RON1.1 billion was allotted for subsidies in the agricultural sector, RON179 million for the Transports ministry, RON1.2 billion for the budget reserve fund at the government’s disposal and RON567 billion represents the contribution to the EU budget.
The Finance ministry managed to save up RON134 million.