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2022 state budget, built on cash budget deficit target estimated at 5.8 pct of GDP

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The 2022 state budget was built on a cash budget deficit ratio estimated at 5.8 pct of the and ESA deficit estimated at 6.2 pct of GDP, according to the draft law for the approval of the ceilings of some indicators specific to the fiscal framework for 2022, published on Friday by the Ministry of Finance (MF).

The spending with the personnel is estimated at 8.8 pct of GDP next year, while for 2023, the budget balance will be 4.4 pct of GDP and personnel expenditures 8.2 pct of GDP.

The proposed ceiling for government debt, according to the EU methodology,…

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