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18:05, 11.08.2020

FinMin Citu says economic crisis incurs half of Romania's 2020 general gov't deficit

Half of Romania's 2020 general government deficit represents the cost of the economic crisis, and the cost has two components: an increase in unforeseen expenditures, such as healthcare spending, social assistance…




13:15, 11.08.2020

Court of Accounts: 5 bln lei worth of government expenditures for fighting pandemic, as of June 30

Government expenditures from the state budget, local budgets and the unemployment insurance budget for the fight of the coronavirus pandemic amounted to 5 billion lei as of June 30, the Court of Accounts said in…




11:24, 30.06.2020

FinMin Citu: Expenditures directly related to coronavirus crisis - 3.1bn lei in 5 months

Expenditures directly related to the crisis caused by coronavirus amount to 3.1 billion lei, at 5 months, and the impact of the pandemic, in the middle of the year, is about 10 billion lei, Finance Minister Florin…




10:16, 09.06.2020

Romania's economy advances 2.4pct in Q1 2020 mainly on household consumption

The annual growth of Romania's economy in the first quarter of 2020 - 2.4% unadjusted and 2.7% when seasonally adjusted series, was mainly due to the household final consumption expenditure, which volume increased…




17:48, 27.05.2020

FinMinCitu: The 3.3 billion euro loan gives us comfort of financing all expenditure foreseen in budget

We have gone out on the international markets and the interest in Romania has been almost 14 billion euros, of which we have chosen to borrow 3.3 billion euros, the Public Finance Minister Florin Citu said after…




18:49, 18.05.2020

BNR's Isarescu say BNR immediate goal is to ensure necessary liquidity to fund expenses of state,real economy

The immediate goal of the National Bank of Romania (BNR) remains to ensure the necessary liquidities to fund the expenditures of the state and real economy, in conditions of relative exchange rate stability and…




15:33, 09.04.2020

FinMin Citu:Personnel expenditures of public sector are 109 B lei/year;postponement of some expenses for 2021 analysed

The highest expenditures of the budget are those for social assistance and personnel so that we must reassess these sectors or that part of the budget with high expenses, to see whether we can postpone them for…




11:17, 02.03.2020

Eurostat: Latvia, Estonia, Greece, Cyprus, France, Romania, Lithuania, earmark highest GDP percentage to defence

The 27 member states of the European Union earmarked 162 billion euros to the defence sector in 2018, 2.6 per cent of their total governmental expenditures, showed data published on Monday by the European Statistical…




16:00, 11.02.2020

Acting PM Orban on excessive deficit: Romania won't suffer as long as it presents the EC a plan to reduce deficit

Interim Prime Minister Ludovic Orban argues that Romania won't suffer in terms of excessive deficit procedure being triggered as long as it presents to the European Commission a plan which shows a deficit below…




20:15, 23.01.2020

PM Orban puts to rest Fiscal Council's concerns over possible widening of 2020 budget deficit

Prime Minister Ludovic Orban said on Thursday that he understands the concerns expressed by the Fiscal Council regarding the possible increase of the budget deficit, but assured that "there is no risk" for this…




11:27, 08.01.2020

Romanians record highest drop in expenditure on transport as part of total consumption of households

Expenditures on transport dropped in most EU Member States as share of the total consumption expenditures of households, between 2008 and 2018, with the most significant drop having been recorded in Romania, where…




13:06, 02.01.2020

Romania lagging behind in EU in terms of households expenditure on eating-out

In 2018, Romania's households allocated only 1.9 percent of their total consumption expenditure for catering services, i.e. restaurants, cafes, bars and tea houses, the lowest percentage among the member states…




10:56, 17.12.2019

7.9 pct of GDP for supporting public pension system and unemployment insurance system, in 2020

The social insurance state budget for the public pension system is set at both revenues and expenditures of 87.327 billion lei, both for commitment credits and budget credits, the percentage allocated for the public…




11:19, 09.12.2019

Romanians, Lithuanians, heaviest EU spenders on food, and non-alcoholic beverages

In 2018, households in the European Union (EU) spent 12.1% of their total consumption expenditure on food and non-alcoholic beverages, with Romanian, Lithuanian and Estonian household topping the list, according…




20:26, 06.12.2019

PM Orban to the ministers:I ask you to be circumspect in committing expenditure at the end of the year

Prime Minister Ludovic Orban asked the ministers of his Cabinet to be "extremely circumspect" in committing expenditure at the end of the year, adding that "any unnecessary expense, even if it's stipulated in the…




11:37, 26.11.2019

Budget revenues to drop almost 18.36 billion lei and expenditures 2.09 million lei, at revision

The revenues of the general consolidated budget decrease, on the balance, by almost 18.36 billion lei, as a result of the second budget revision for 2019, with the expenditures dropping by about 2.09 billion lei,…




12:13, 10.07.2019

Q1 2019 total average monthly household income reaches 4,542 lei, expenditures 3,834 lei

Q1 2019 total average monthly household income in Romania reached 4,542 lei, while total expenditures averaged 3,834 lei per household, representing 84.4pct of the total income, according to data with the National…




17:26, 04.07.2019

Budget revision on July 31, after analysis of expenditures

A budget revision is scheduled for July 31, and before that Finance Minister Eugen Teodorovici has to come up with an analysis of the measures he will take so that by the end of the year the government deficit…




10:58, 01.07.2019

Official statistics: Social protection expenditures up 10.2 pct in 2017, GDP share down 14.4 pct

Social protection expenditures increased by 10.2 percent in 2017 compared to the previous year, reaching 123.181 billion lei, but the Gross Domestic Product (GDP) share of this spending category decreased by 0.3…




10:53, 14.06.2019

Almost 443,000 non-resident tourists arrived in Romania nd their expenditures accounted for approximately 1.293 billion lei

Almost 443,000 non-resident tourists arrived in Romania in Q1 of 2019 and their expenditures accounted for approximately 1.293 billion lei, according to the data published on Friday by the National Institute of…




11:14, 06.06.2019

More than half of population's expenditure, allocated for consumption, in 2018 (INS)

More than half of the population's spending (56.5 pct) was allocated last year for consumption, namely food, beverages, non-food goods or payment of some services, while 31.5 pct were taxes and duties to the state,…




14:44, 15.02.2019

Social Security Budget Bill for 2019 clears Parliament

The 2019 Social Security Budget Bill was adopted by Parliament with 272 votes in favor and 125 against.Read also: Romania: flu death toll reaches 127 The state social security budget for the public pension system…




18:16, 06.02.2019

PSD leader Dragnea, FinMin Teodorovici at Association of Romania's Municipalities meeting on 2019 budget

Chairman of the ruling Social Democratic Party (PSD) Liviu Dragnea and Finance Minister Eugen Teodorovici are attending this Wednesday the meeting of the Association of Romania's Municipalities.Last week, the Association…




12:19, 10.01.2019

Average income of 4,454 lei per household in Q3 2018; expenditures 87.4% of income

The total monthly average income per household accounted for 4.454 lei in the third quarter of 2018, and the total expenditures averaged 3,891 lei per month per household, accounting for 87.4% of the total income,…




22:57, 08.12.2018

Labour Ministry's budget gets additional 43.2 ml lei

The budget of the Ministry of Labor and Social Justice was supplemented by 43,236,000 lei from the Government's Reserve Fund for 2018, under specific decisions approved at the government's Friday meeting, the Ministry…




14:19, 16.11.2018

INS: Research-development expenditure accounts for 0.50 pct of GDP in 2017

The research-development expenditure accounted for 0.50 per cent of the GDP last year, the private sector contributing 0.29 per cent and the public sector 0.21 per cent, according to data released on Friday by…




12:05, 05.10.2018

Average income per household 4,151 lei in Q2 2018, expenditures 3,558 lei

The average income of the population accounted for 4,151 lei per household in Q2 2018, while total average expenditures accounted for 3,559 lei per month, according to the data published on Friday by the National…




13:04, 02.07.2018

Official statistics: Social protection expenditures up 7.6 pct in 2016

Social protection expenditures increased 7.6 pct in 2016 from the year before to 111.822 bln lei, accounting for 14.7 pct of GDP, and social protection was mainly directed towards covering old age, sickness or…




22:53, 16.03.2018

Romania, first in NATO in terms of equipment expenditure as percentage of defence expenditure

Romania is ranked first in NATO in terms of equipment expenditure as a share of defence expenditure, according to NATO Secretary General Jens Stoltenberg's 2017 annual report, according to country's Ministry of…




17:05, 16.03.2018

IMF mission chief Jaewoo Lee says fight against corruption must continue

The fight against corruption must continue because it would help improve the governmental revenues and increase the expenditure efficiency, new International Monetary Fund (IMF) mission chief for Romania Jaewoo…