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.
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.
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.
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.
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.
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.
The course of tax revenues in the first half of the year is a cause for concern at the Finance Ministry, as they came in 25 million euros below the target set for the January-June period, according to the latest official data.
Restricted spending improved the budget picture, which showed a primary surplus of 635 million euros against 1.93 billion in the same period last year.