Home / BUSINESS / 2018 draft state budget: 22 ministries to get more money, five to receive less
budget

2018 draft state budget: 22 ministries to get more money, five to receive less

22 ministries will get more money, while other five ministries will receive less funds, according to the 2018 draft state budget revealed by the Finance Ministry.

At the same time, 29 public institutions, agencies and authorities will receive more funds, and other six will lose money.

The draft budget says that budget sums will sum up RON 161.7 billion, resulting a budget deficit of RON 35.7 billion. According to the National Prognosis Commission forecast, Romania will have a GDP of RON 907.9 billion next year and an economic growth of 5.5%. The final consumption is estimated to increase by 5.8% and the household consumption by 6.2% next year. CNP also forecasts that the gross capital formation, which indicates the level of the investments in the economy is to advance by 7.9%.

Among the ministries to have their budget increased there is the National Defence Ministry that will have a budget of RON 18.164 billion in 2018, an 11.3% rise as against 2017. The increase is including the 2 pc allotment envisaged for Romania’s commitment in the relation with NATO.

The Regional Development Ministry will have a budget of RON 6.208 billion in 2018, a 30% rise compared to 2017. Transports Ministry will get RON 9.132 billion next year, 0.9% more than in 2017.

Education Ministry’s 2018 budget will mount to RON 8.354 billion, 19.7% more than this year, Health Ministry will get RON 8.762 billion, a 4.8% increase and the Culture Ministry will also see a 50% increase of its budget in 2018- RON 1.117 billion. The Culture ministry’s budget also includes the money allotted for the manifestations and project occasioned by the Romania’s centennial anniversary (1918-2018).

Foreign Affairs Ministry will also have a higher budget next year by 21.9%, also comprising funds for preparing Romania’s taking over the EU Council Presidency in 2019.

Agriculture Ministry will get RON 23.522 billion next year, 23.6% more than this year, while Interior Ministry will have funds mounting to RON 15.311 billion, more by 20% compared to this year.

Economy Ministry is more than doubling its budget for next year, receiving RON 355.9 million, a 104.9% rise, with RON 53 M to be allotted to the economic operators in the national defense industry under its authority.

On the opposite side, the Labour Ministry will have only RON 31.693 billion allotted next year, 13.2% less than in 2017.

The Presidential Administration will have a budget of RON 57.8 M next year, by 20.7% more than in 2017, while the Senate and the Chamber of Deputies will see their 2018 budget increasing by 30%.

The Romanian Intelligence Service has a budget of RON 2.306 billion in 2018, 13.85 more than this year. The Foreign Intelligence Service (SIE) has a budget of RON 290 M, 15.9% more than this year.

About Romania Journal