budget rectification

Finance Ministry Eugen Teodorovici said on Tuesday the Government has money for investments, expenditures on wages and pensions this year, adding however that if a public expense may be adjusted, this should be done. Asked if the paper…

About 10,000 state employees would allegedly be laid off to save money for the budget and the first lists have begun to appear in the media. It is about the plan of Finance Minister Eugen Teodorovici to reform the budgetary apparatus.…

The Government has approved on Friday the second budget rectification this year, with additional RON 9.5 billion in revenues and RON 10.7 billion in expenses, Finance Minister Eugen Teodorovici said at Victoria Palace. “Budget…

The European Commission has revised downwards the forecast regarding Romania’s economic growth in 2018, from 4.5% to 3.6%. For 2019, the EC expects 3.8% GDP growth, against the 3.9% growth announced in spring. For 2020 the Commission…

The Bucharest City Hall has envisaged a new budget rectification, to be debated on Thursday, during the General Council’s sitting. According to the draft, several institutions have requested the diminishing of budgets in 2018. Thus, the…

Finance Minister Eugen Teodorovici told TVR public broadcaster on Tuesday evening that the minimum wage might be increased before January 1, 2019 up to RON 2,050. "There are chances. This analysis is under way at the Finance Ministry,"…

The Public Ministry has confirmed on Wednesday that the budget rectification conducted by the Government in early September has cut budgetary credit for the institution by RON 10 million, a decrease expected to have negative results on the…

Minister of Finance Eugen Teodorovici and Minister of Justice Tudorel Toader arrived at Cotroceni Palace on Thursday where they were supposed to talk to President Klaus Iohannis, instead of PM Viorica Dancila, on the issue of the budget…

A new episode of he Presidency-Government dispute over the budget rectification issue is in the pipeline. After President Iohannis has suspended the CSAT sitting on Tuesday asking the Executive to come up with a new draft for rectification,…

Romanian President Klaus Iohannis has suspended the Supreme Defence Council (CSAT) sitting on Tuesday and has stated that the budget rectification proposed by the Viorica Dăncilă cabinet did not receive a favourable opinion, as the…