07.28.2015

Romania's government approved this year's first budget revision Tuesday, as proposed by the Finance Ministry. more

07.22.2015

Romania’s Prime Minister Victor Ponta on Wednesday said the Government will approve this year’s first budget revision next Tuesday, July 28. more

12.03.2014

Romanian government on Wednesday approved the third budget revision this year, assigning funds for the advance payment of certain salary rights and arrears to state employees. more

12.03.2014

Romanian Prime Minister Victor Ponta on Wednesday stated he would never understand the opinion of the Fiscal Council regarding this year’s third budget revision, adding that the International more

12.03.2014

The third budget revision for 2014 is breaking the law and shows the government’s incapacity to organize and implement the budget, mainly in terms of investments, while the payment of certain salary more

09.30.2014

Local authorities were assigned an extra RON1.1 billion at this year's second budget revision and the Ministry of Public Administration and Regional Development got and extra RON400 million for more

09.30.2014

Romania's Fiscal Council on Tuesday said the government’s revised estimate for VAT collections is unrealistic, considering collections in July and August, adding the more cautious approach would more

09.28.2014

The Ministries of Labor, Public Administration, Defense, Justice, Interior and Foreign Affairs will get extra money at the second budget revision, while funds will be cut from Health, Agriculture, more

09.22.2014

Romanian Prime Minister Victor Ponta stated that this year’s second budget revision will be operated next week, adding that the budget revision will be positive. more

07.31.2014

Romania’s upcoming budget revision fails to present sustainable measures to offset the low fiscal collection in the first half of the year or the planned reduction of the social security tax rate, more

07.29.2014

The Ministries of Health, Defense, Economy, Education, Transport, Labor, Culture And Interior will get extra money at the upcoming budget revision, while funds will be cut from the Finance and more

10.30.2013

Romania’s Government on Wednesday approved the year’s second budget revision, following talks with the International Monetary Fund, Prime Minister Victor Ponta said. more

10.28.2013

Romania's second budget revision this year will raise the deficit to 2.5% of the gross domestic product, from 2.3% of the GDP as estimated previously, people close to the matter told Mediafax Monday. more

10.25.2013

Romania’s Government will revise down the state budget for 2013 at this year’s second revision scheduled for end-October, as revenues are 3.8 billion lei (EUR0.85 million) lower than expected, more

10.24.2013

Romania will revise down its state budget for 2013 at this year's second budget revision, which is scheduled for end-October, Prime Minister Victor Ponta said Thursday. more

08.13.2013

The Romanian Government’s recent announced budget revision breaks several fiscal-budgetary rules and is based on unrealistic expectations, especially overestimated revenue from the income tax and more

07.30.2013

Romania’s government on Tuesday approved this year’s first budget revision, which states a budget deficit of 2.3% of the gross domestic product in 2013. more

07.30.2013

Romania’s government has revised down this year’s consolidated budget revenues by RON2.2 billion and lowering expenses by RON1 billion, raising the deficit to 2.3% of GDP from 2.1% of GDP. more

07.29.2013

The budget of Romania’s Transport Ministry will be cut by 900 million lei (about EUR204 million) at this year’s first state budget revision, Minister-delegate for Budget Liviu Voinea said Monday. more

07.29.2013

Romania will raise the 2013 deficit target to 2.3% of the gross domestic product at this year’s first budget revision due shortly, Prime Minister Victor Ponta said Monday. more

10.28.2012

Romania’s Health Ministry has been allotted extra 150 million lei (EUR33 million) at this year’s second budget revision and expects to collect some RON350-400 million from the clawback tax. more

10.25.2012

Romania’s Government will meet Saturday to approve this year’s second budget revision. more

10.24.2012

Romanian Prime Minister Victor Ponta said Wednesday the Cabinet will assemble in a special meting Friday to approve this year's second budget revision. more

10.23.2012

Romania’s Government harms the credibility of the fiscal responsibility law by further increasing budget expenses, according to the Fiscal Council. more

10.19.2012

Romania’s Government will cut the budgets of several ministries, as well as of the Senate, the High Council of Magistrates, the High Court of Justice and the public television and radio. more