Romania’s new budget to be approved by government this week, says PM | The ministries that get more money

Newsroom 25/01/2017 | 09:02

PM Sorin Grindeanu says the new public budget for 2017 will be approved in a government meeting later this week and that the Ministries of Transports, Healthcare, Agriculture and SMEs are set to receive more funds compared to last year.

In a nutshell, Grindeanu said that the expenses for goods and services will be reduced this year and the saved amounts will be funnelled towards investments.

Meanwhile, the PM said that the minister of finance, Viorel Stefan, will not be fired. He added that Stefan has been present at all the discussions regarding the allocation of funds.

“All that we included in the governing program has to be found in the budget of each of the ministries. This is the purpose of these meetings that we will continue to have tonight (Tuesday – e.n.),” said Grindeanu.

The budget for this year is based on an economic growth of 5.2 percent of GDP, which most of the analysts perceive as being optimistic. Meanwhile, the budget deficit target is of 3 percent of GDP.