Government approves budget draft for next year

Newsroom 07/12/2010 | 13:22

The government has approved the budget draft for next year and the document will be sent to Parliament, according to Mediafax newswire.

At the end of the government session, Minister of Public Finances, Gheorghe Ialomitianu, said total investment expenses will increase up to RON 35.1 billion (EUR 8.16 billion), from RON 33.9 billion (EUR 7.88 billion), and the estimated number of workplaces will increase by 23,000.

He also said the budget of social insurances is still unsustainable. And it will have to be fuelled from the state budget with transfers of RON 13.9 billion (EUR 3.47 billion).

For the state budget, an aid of more than RON 3 billion (EUR 697 million) will be granted.

Estimates collection revenues from VAT will increase from RON 39 billion (EUR 9 billion) to RON 46 billion (EUR 10 billion)), and those from excise taxes will go up from RON 17.4 billion (EUR 403 million) to RON 18.4 billion (EUR 426 million), following a cut-down on fiscal evasion and the alignment of excise taxes for cigarettes to EU norms.

Pensions in the public system, including the minimum pensions, will be frozen to the current level for the whole of 2011. Social contributions of employers and employees will not decrease under the current level.

Otilia Haraga