budgetary impact

The Fiscal Council chairman Ionut Dumitru says the budgetary impact of the public wage law is much underestimated. Dumitru claims the impact will reach 2% of GDP in 2018 (approx. RON 25 billion) and that until 2022 the impact would reach…

Prime Minister Sorin Grindeanu today announced that will give a positive point of view regarding the law on VAT rate cut to 0 percent for house building for individuals. In this context, Romania will notify the European Commission (EC) of…

The measures to increase salaries and pensions, along with those of fiscal relaxation, promised by the new government for this year, will have a negative impact on the budget of RON 8.9 billion, Fiscal Council shows in a financial analysis…

PSD leader Liviu Dragnea, Chamber of Deputies Speaker, said that total budgetary impact of the measures envisaged by the government programme is of RON 2.65 billion. “This is the answer to all attacks lately: steps taken by our…

President Klaus Iohannis has promulgated on Friday the law on wage increase in the Education and Health system. “The bill on approving the Government Emergency ordinance 20/2016 on wage increases in Education and Health system has been…

President Klaus Iohannis has notified the Constitutional Court (CCR) on Tuesday regarding the law that eliminates 102 non-fiscal levies, including the radio and TV fee, arguing that the normative act violates several articles of the…

Prime Minister Dacian Ciolos has said on Tuesday that the electoral bills voted lately by the parliament have an impact of RON 9 billion (approx. EUR 2 billion – our note), the equivalent of 1% of GDP. In an interview granted to ‘Adevarul’…

Including the film industry among the eligible sectors for state aid schemes could drive a fivefold increase in the movie production in Romania, up to a value of around EUR 250 million annually, as well as to the creation of 4,000 new jobs…

The Emergency Ordinance on public sector wages was adopted on Wednesday by the Executive, Labour Minister Dragos Pâslaru has announced. Some 650,000 people will benefit from its provisions, and the budgetary impact is of RON 870 million…

A technical assistance mission of the International Monetary Fund (IMF) will be present in Bucharest on Wednesday, July 22, at the request of the authorities, sources say for agerpres.ro. The meetings of the technical missions take place…