Budget

PM Orban: PSD has wasted public money, compelling us to carry out measure plan to reduce deficit

Prime Minister Ludovic Orban maintained on Friday that "PSD [the Social Democratic Party] has wasted public money" and has brought Romania "in a situation in which it is unavoidable to exceed the deficit target" that we have as an obligation in the EU Treaty - namely 3 percent of GDP.

The Fiscal Reserve of Bulgaria as of June 30 is BGN 11.7 Billion

The Council of Ministers approved the information on the cash execution of the state budget and the main indicators of the consolidated fiscal program for the first half of 2019, prepared in pursuance of Art. 135, para. 1 of the Law on Public Finances, based on the monthly reports on the cash execution of the primary budget spending units.

AgriMin Daea on budget revision: I expect more money for investments

Agriculture Minister Petre Daea expects to receive more money for investments at the budget revision which is announced for the end of July, showing that, at the National Land Improvement Agency (ANIF), there are investments which have been made even a year earlier and the constructors must be paid.

FinMin Teodorovici: Enough money in coffers for what we pledged to accomplish until year-end

Finance Minister Eugen Teodorovici reiterated on Tuesday that there is enough money in the coffers until the end of the year for both investments and wage and pension expenditures, but that if a particular public spending category can be logically adjusted, this should be done.

FinMin Teodorovici after budget bill passed: All payment obligations will be ensured

Public Finance Minister Eugen Teodorovici stated on Wednesday after Parliament rejected President Klaus Iohannis's request for the reexamination of the 2019 state budget law, by passing the bill as originally sent to the President for promulgation, that all the payments pledged for both projects and the "social area" will be secured.

Head of small businesses' umbrella organisation: 2019 state budget fragile, built on chimerical commitment appropriations

This year's state budget is fragile and unbalanced, since it relies on commitment appropriations which are actually chimeras and mean rolling over payments from one year to another, Florin Jianu, president of Romania's National Council of Small and Medium-sized Private Enterprises (CNIPMMR) told a press conference.

Government Allocates BGN 150 Million for Road Network Maintenance

Sofia. The government has allocated BGN 150 million as additional spending through the budget of the Ministry of Regional Development and Public Works for the repair of nearly 480 km of the national road network, the government press office said. The money will be provided through cost or transfer restructuring within the state budget for 2018.

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