buget de stat


15 Dec: Analysis: 2023 state budget

The state budget for 2023 was adopted yesterday by the Romanian Parliament. In response to the multiple crises we have faced in recent years (the Covid-19 pandemic, inflation, the energy crisis generated by Russia's aggression against Ukraine), the budget shows an attempt to recover, to reduce the deficit, and to focus on investments. The state budget is not just any other administrative document, it often shows us the country's priorities for the following year and enables local administrations to know in advance what money, coming from the central level, they can rely on. This time, the largest amount of total expenditure is represented by personnel expenditure (63 billion), followed by social assistance expenditure. Budget priorities are however most easily seen in…