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

10.27.2012

Romania’s Government approved this year’s second budget revision in a special meeting Saturday. 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

10.19.2012

Romania’s Government expects revenues to the state budget to decrease by more than 1 billion lei (EUR218 million) and the country’s gross domestic product to grow only by around 1% in 2012, more

10.15.2012

Romania’s Government will allot extra money to local authorities to pay arrears and will increase funds for hospitals and people with disabilities, the Finance Ministry said in a press release more

10.09.2012

Romania's Government will carry out a new budget revision in October, Minister-delegate for Social Dialog Liviu Pop announced Tuesday. more

08.24.2012

The government increased personnel spending by 1.1 billion lei (EUR0.25 billion) in the budget revision but cut investment expenses financed by the budget and European funds by RON2 billion. more

08.23.2012

Revenues to Romania's state budget have been reduced by 0.4% of the GDP and expenses by 0.2%, while the social security budgets have received an extra 370 million lei (EUR82 million) in the budget more

08.09.2012

Romania’s Government expects revenues to the state budget to decrease by more than 2.1 billion lei (EUR462 million) in 2012, namely 0.4% of the gross domestic product, according to a draft of this more

07.04.2012

Romania's Finance Minister Florin Georgescu Wednesday said the government plans a first revision of the 2012 state budget at the end of July to incorporate an 8% salary increase in the public sector more

05.08.2012

Romania's Government will carry out this year's first budget revision at the end of July, Finance Minister Florin Georgescu announced Tuesday. more