RRI Live!

Listen to Radio Romania International Live

The 2018 budget under Parliament debate

These days, Romanian MPs are debating the 2018 state budget and social security bill

The 2018 budget under Parliament debate
The 2018 budget under Parliament debate

, 11.12.2017, 13:13

Debates on the 2018 state budget and social security bill have reached the final stage, and Romanian MPs are supposed to endorse it on December 21st at the latest. The bill reached parliament last week, and since then parliamentarians have had the opportunity to propose amendments, which have been centralized by chief authorizing officers and are to be discussed in the specialized committees.



Thousands of amendments have been proposed since the bill reached parliament, including the allocation of resources to continue the works on the Bucharest ring-road, consolidating the buildings at risk of being destroyed by earthquakes, carrying on works on the metro, programs and actions for the Diaspora and the building of schools and kindergartens. Based on an estimated 5.5% economic growth rate, the 2018 budget includes more funds for the fields that need support. According to Prime Minister Mihai Tudose, health, education and infrastructure are next years priorities:



The new budget provides for a 17% increase in funds for healthcare, 16% for education and 42% more money for investments, as compared to 2017.



According to the bill approved last week by the Government, agriculture is another field that will benefit from more money. According to the main party in the ruling coalition, the Social Democratic Party, next years budget is fairer and more balanced. The Social Democrats say that the situation might be even better than estimated, because hopes are that economic growth in 2018 will exceed expectations. The opposition, however, sees things differently. Deputy Eugen Tomac, member of the Peoples Movement Party has stated that implementing this budget will be a very big challenge for the governing coalition:



Their calculations are wrong. And they are wrong because there are already hundreds of municipalities across the country that do not have money for salaries.



According to the opposition, the focus should be on channeling resources towards development. According to the bill approved by the government, personnel expenses will go up by 11.6 billion lei (some €2.5 billion) as compared to this year, following the implementation of the new salary law. Also, investment expenses will increase by 13 billion lei (some €2.8 billion). The final form of the budget will be decided in a plenary session of parliament, and debates are to start on December 18th. (Translated by M. Ignatescu)

Foto: PIX1861 / pixabay.com
Today in the News Friday, 20 December 2024

Economic effects of political instability

The deadlock related to the establishment of a parliamentary majority to propose a prime minister and, therefore, the impossibility of forming a new...

Economic effects of political instability
foto: presidency.ro
Today in the News Friday, 20 December 2024

Conclusions of the Winter European Summit

The EU heads of state and government gathered in Brussels to discuss the war in Ukraine, migration, the situation in the Middle East, the Republic of...

Conclusions of the Winter European Summit
Romanian president Klaus Iohannis (right) and president of EU Council Antonio Costa (Photo: presidency.ro)
Today in the News Thursday, 19 December 2024

The EU and the exposure to disinformation

Attending the EU-Western Balkans summit and the European Council in Brussels, the Romanian president Klaus Iohannis said Romania was confronted with...

The EU and the exposure to disinformation
Photo: Mediamodifier / pixabay.com
Today in the News Thursday, 19 December 2024

Fitch revises Romania’s outlook to negative

Fitch Ratings has revised Romania’s outlook to negative, citing political instability and budget deficit.     Fitch Ratings has...

Fitch revises Romania’s outlook to negative
Today in the News Wednesday, 18 December 2024

A new Forestry Code

The new Forestry Code, a milestone in the National Recovery and Resilience Plan, was adopted by the Chamber of Deputies in Bucharest as the...

A new Forestry Code
Today in the News Wednesday, 18 December 2024

EU investigates TikTok

The European Commission opened formal proceedings against the TikTok social media platform for alleged violations of the Digital Services Act in the...

EU investigates TikTok
Today in the News Tuesday, 17 December 2024

Russia: concerns and sanctions

  Four US Senators, both Republicans and Democrats, have condemned Russia’s interference in the Romanian presidential elections and have...

Russia: concerns and sanctions
Today in the News Tuesday, 17 December 2024

What are entrepreneurs waiting from the future government

Entrepreneurs, who convened on Monday for a specialized online event, have emphasized the risk of a potential economic recession that might hit...

What are entrepreneurs waiting from the future government

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company