CFR’s investments from adjusted budget draft for 2017 down by 38 pct

Georgiana Bendre 07/11/2017 | 10:13

The investments of  CFR from adjusted budget draft for 2017 decrease by 38 percent to RON 1.87 billion, compared with RON 3.02 billion from March 22 version.

According to the motivation instrument that joins the Government Decision draft regarding the approval of the profit and loss budget approval for 2017 of the company, published on Monday on Transports Ministry site, the changes focus on the grants transfer from state budget as transfers, investments, external loans back-payments and financing programs from external funds, according to the Emergency Ordinance of the Government no 63/2017 regarding the adjustment of budget draft for 2017.

Thus, the budget grants estimated in the adjusted draft are around RON 79.37 million, compared with RON 88.19 million from the budget draft published on March 22.

Also the expenses with salaries from the budget draft for 2017 of CFR company drop by RON 18.5 million to RON 977.003 million, compared with the amounts from March, respectively RON 955.503 million. The expenses with personnel are RON 1.192 billion. Also, the bonuses diminished to RON 77.146 million to RON 95.646 million.

However, the average monthly income for/employee based on the expenses with salaries increased to RON 3,474.17 from RON 3,152.53 from April version.

The revenues, equal to expenses, drop also in the adjusted budget draft to RON 4.39 billion.

The company has back payments of RON 58.255 million and debts of RON 1.1 billion.

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