First budget revision of 2017 approved by Gov't

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The Government has approved the first budget revision of 2017, in the Gov't sitting on Wednesday, maintaining the budget deficit of 2.95 percent of the GDP, according to a release of the Executive sent to AGERPRES.

"The first budget revision for 2017 was approved today in the Government, taking into account an economic growth of 5.8 percent on the first semester, which determined an increase of the GDP by 21.9 billion lei, according to the estimations of the National Prognosis Commission, from 815.2 billion lei to 837.1 billion lei. The revenues of the general consolidated budget increase by 1,060.7 million lei, the expenditures of the general consolidated budget go up 1,705.2 million lei and the budget deficit remains at 2.96 percent of the GDP, according to cash methodology," the document reveals.

According to the release, all public institutions have fully secured the necessary funds to cover operating expenses.

"Moreover, the budget revision ensures the payment of increased salaries for various categories of public personnel which were approved this year, the extension of granting scholarships to students throughout the academic year, the unfolding of the "Start-up Nation-Romania" Programme for stimulating the establishment of small and medium sized enterprises, starting the selection for state-aid beneficiaries aimed at boosting investments with a major economic impact, the down payment of funds for supporting farmers," the quoted source mentions.

The Healthcare Ministry was earmarked in addition 431 million lei for the staff payment, mainly medical personnel of the medical units. The funds of the Ministry of Agriculture and Rural Development were increased by 1.8 billion for the schemes of direct payment on area. These amounts will ensure the full down payment for setting up crops in 2018. Furthermore, the co-funding of the projects lodged within the National Rural Development Programme 2014-2020 financed by the EAFRD will also be ensured.

"The Interior Ministry received 1.2 billion lei in addition for ensuring wage rights and military pensions of policemen, ensuring the maintenance in order to keep aircraft operational, the procurement of protection equipment for policemen. The Ministry for Business Environment, Trade and Entrepreneurship, in order to complete the European funds (500 million lei) for the Start-up Nation Programme, received 250 million lei in addition. At the Ministry of Labor and Social Justice 795 million lei were allocated for ensuring pensions and social assistance rights. At the Public Finance Ministry — General Actions, 2,464 million lei were provided for pre-funding from the state budget in case of temporary unavailability of European funds," the Executive informs.

The release points out that the budget revision doesn't influence the budget of the National Defence Ministry.

"Budget cuts were mainly operated at the Ministry of Regional Development, Public Administration and European Funds (-1,980 million lei), the Transport Ministry (-6,249.1 million lei), the Communications and Information Society Ministry (-303.4 million lei), mainly from the amounts corresponding to projects funded from European funds, motivated by the late approval of the budget for 2017, delayed by the procurement procedures, which led to a low rate of budget execution for the first eight months of this year. At the ministries where budget cuts of the budget loans were operated, commitment appropriations were not reduced in order not to affect the process of contracting projects financed through European funds and investment works. The cuts concern only budget loans (cash) that can no longer be used in the next 4 months," the Government informs.

Moreover, also included in the budget of the Public Finance Ministry — General Actions were commitment appropriations worth 638 million lei for the the "State aid for funding projects for investments" Programme, in order to start the process of selecting the state aid beneficiaries to boost investments with a major impact on economy. AGERPRES (RO — author: Florin Barbuta, editor: Nicoleta Gherasi; EN — author: Rodica Ionita, editor: Adina Panaitescu)

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