RRI Live!

Listen to Radio Romania International Live

Government makes positive budget adjustment

The Romanian government has made its first budget adjustment this year to allocate more money to the labour ministry.

Government makes positive budget adjustment
Government makes positive budget adjustment

, 29.07.2015, 13:15

The government in Bucharest has approved its first budget adjustment this year to redistribute the additional returns collected in the first half of the year. Most of these funds, which amount to more than 4 billion lei, the equivalent of 0.9 billion euros, will go to the labour ministry. According to the Social Democrat prime minister, Victor Ponta, this is a positive adjustment, while the fundamental constitutional rights are already covered for 2016. Victor Ponta: “We have made sure all fundamental constitutional rights are provided for: salaries, pensions, allowances, employment benefits and redundancy payments. For the last three and a half years, this has become a normality, but this wasn’t the case before 31st December 2012, when there wasn’t enough money for pensions and salaries, and even after this date. For 2016, however, there is no problem and no difficulty to ensure the fundamental rights.”



The surprise of the year’s first budget adjustment is the significant reduction in the budget of the transport ministry, which oversees major infrastructure investments, while the area of social protection, represented by the labour ministry, receives the largest amount of money to pay for child allowances, which have gone up, pensions and other benefits.



More money also went to the finance, interior, defence, education, environment and agriculture ministries and the special services, the Romanian Intelligence Service and the Foreign Intelligence Service. As expected, the opposition has criticised the government’s distribution of funds. The Liberals have accused the government of allocating money based on political considerations to the local administrations run by the Social Democrats.



The Liberal first vice-president Eugen Nicolaescu says the prime minister thus tries to secure political support within the Social Democratic Party: “It is the first time since the early 1990s when the budget adjustment is discussed by a party, in this case the Social Democratic Party, and the government then carries out what the party has decided. At first sight, this may look like a redistribution of funds, in particular to the local public administration, but in fact it’s all about Victor Ponta’s fear of the large party he is part of. Giving some more money to the party’s local big guns buys him some peace and quiet as prime minister.”



The draft ordinance on the budget adjustment also provides for the necessary funds to cover a salary increase for higher ranking officials, which will come into effect on August 1st. The Fiscal Council has approved the adjustment and says it will be possible to meet the deficit target while carrying on with the current fiscal and budget policy. This year, the government is considering a 3.3% economic growth rate, compared with the previous 2.5% taken into account when creating the 2015 budget.

Photo: roaep.ro
Today in the News Monday, 25 November 2024

Surprising result in Romania’s presidential elections

The independent candidate Călin Georgescu takes the lead in the first round of the presidential elections in Romania.       Over 9.4...

Surprising result in Romania’s presidential elections
(foto: Polizia di Frontiera Romena)
Today in the News Monday, 25 November 2024

Closer to full Schengen accession

The Ministers of the Interior of Romania, Hungary, Austria and Bulgaria reached a historic agreement in Budapest on Friday on the enlargement of the...

Closer to full Schengen accession
Signing of the protocol (foto:
Today in the News Friday, 22 November 2024

Transition program towards F-35, launched

The Romanian Air Force’s transition program to 5th generation aircraft has been launched.   Romania’s decision to acquire advanced fighter...

Transition program towards F-35, launched
Energy (foto: EdWhiteImages / pixabay.com)
Today in the News Friday, 22 November 2024

The National Energy Strategy, adopted

Using local resources, reducing imports and making massive investments in production capacity are important elements of the new National Energy...

The National Energy Strategy, adopted
Today in the News Thursday, 21 November 2024

Political agreement on the new European Commission

    The leaders of the three major political groups in the European Parliament have given the green light to the members of the next...

Political agreement on the new European Commission
Today in the News Thursday, 21 November 2024

13 for Romania

    In Romania, presidential elections usually spark the greatest interest and emotions. Even more so this year, when the two rounds of the...

13 for Romania
Today in the News Wednesday, 20 November 2024

Romania’s natural gas, available for trading

On Tuesday, the Romanian company Romgaz launched its first issue of bonds on the Bucharest Stock Exchange, worth 500 million EUR. Romgaz is the...

Romania’s natural gas, available for trading
Today in the News Tuesday, 19 November 2024

Romania ahead of the presidential election

Next month, President Klaus Iohannis will end his second and last five-year term in office according to the Romanian Constitution. The so-called...

Romania ahead of the presidential election

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