RRI Live!

Listen to Radio Romania International Live

The first budget adjustment in 2013

Romanian government approves the first budget adjustment for 2013.

The first budget adjustment in 2013
The first budget adjustment in 2013

, 31.07.2013, 15:03

After getting the approval of its international lenders, the Romanian government headed by Social Democrat Prime Minister Victor Ponta has operated the first budget adjustment for 2013 against the revision of the economic growth rate up to reach 2%.



Therefore, the ministries of healthcare, regional development and justice and the National Anticorruption Directorate will receive supplementary funds while the budgets of the labour and transports ministries and of the Government’s general secretariat will be severely cut. While this measure is not at all surprising according to analysts, it raises questions marks as to the country’s economic performance of late, given that the government has said nothing about increased revenues to the state budget. Analysts draw attention to the fact that the budget deficit will grow and that public expenses need to increase in order to reinvigorate the whole economy.



To make better use of public money, the government has passed an ordinance under which the VAT for bread is reduced from 24% to 9% as of September 1st. The measure could also apply to other basic foodstuffs if it proves successful in the bread making industry. This could be an important step towards reducing tax evasion, says Prime Minister Victor Ponta, but producers need to cooperate in this respect. Fiscal pressure on the latter will drop and the government hopes that lower taxes will encourage producers be pay their taxes to the state, which would increase the budget revenue collection rate as a result.



Moreover, the Prime Minister calls on the population to ask for the fiscal receipt when buying bread. In order to compensate for the immediate loss to the budget, the government has allotted 100 million lei, the equivalent of 22 million euros, and has approved an increase in excises for alcohol.



Excises have also been introduced for luxury goods such as cars with high power engines, yachts, objects made of gold, watches and weapons. Golden wedding rings are exempt from excises. For other types of jewellery, a 1-euro excise will be levied for one gram of gold. Buyers of natural furs and weapons will pay excises ranging from 50 to 1,500 euros, depending on the value of the objects. Drivers who buy new or second-hand cars with engines whose capacity is higher than 3,000 cubic cm will have to pay 1 euro for each cubic cm that exceeds the aforementioned ceiling. The excise for yachts starts from 4,000 euros for a ship measuring 8 m in length and grows by 500 euros for each linear meter.



A new budget adjustment has already been approved for the end of October.

November 1 - National Radio Day
Today in the News Friday, 01 November 2024

Radio Romania 96

Radio Romania has celebrated 96 years since it first entered the listeners houses from Romania and abroad. On November 1 1928 the Romanians were able...

Radio Romania 96
(Photo: pixabay@Engin_Akyurt)
Today in the News Thursday, 31 October 2024

Romanians’ concerns

Romanians and Austrians are the most satisfied with their lives among the inhabitants of Central and Eastern Europe, but the former are significantly...

Romanians’ concerns
Elections in Moldova (Photo: Radio Chișinău)
Today in the News Thursday, 31 October 2024

Republic of Moldova, crucial final

On November 3, the citizens of the Republic of Moldova have to choose, for the position of head of state, between the pro-European Maia Sandu, the...

Republic of Moldova, crucial final
Foto: Baza 71 Aeriană / MApn
Today in the News Wednesday, 30 October 2024

Drones, a security issue

The Romanian Ministry of National Defense has placed under decisional transparency a bill that improves airspace security measures. The bill, which...

Drones, a security issue
Today in the News Wednesday, 30 October 2024

The Fugitive Law is constitutional

The Constitutional Court of Romania (CCR) has rejected the referral of the High Court of Cassation and Justice (ICCJ) in relation to the so-called...

The Fugitive Law is constitutional
Today in the News Tuesday, 29 October 2024

Challenges of an ageing population

Romanians are getting fewer and older.   The population of Romania in mid-2024 was 21,779,000, down 1% compared to June 1, 2023. According to...

Challenges of an ageing population
Today in the News Monday, 28 October 2024

Romania sees rising public debt levels

Government debt rose in July to over 876 billion lei (that’s around 175 billion euros), from 860 billion lei in the previous month, according to...

Romania sees rising public debt levels
Today in the News Monday, 28 October 2024

Presidential debate in the Republic of Moldova

An unusual electoral debate, in form, but predictable in content, had as protagonists, on Sunday, the two remaining candidates in the presidential...

Presidential debate in the Republic of Moldova

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