Romanian Budgetary Expenses Seen Flat At RON200B In 2011

Romanian government estimates budgetary expenses will reach 200.31 billion lei (EUR1=RON4.2394) in 2011, almost flat from RON200.06 billion predicted for this year, according to the country’s three-year fiscal strategy approved Wednesday.

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According to the document obtained by MEDIAFAX, overall budget expenditure will increase to RON214.2 billion in 2012 and to 230.4 billion in 2013.

Personnel costs are expected to fall to RON40.2 billion in 2011 from RON42.15 billion this year. In 2012, which is an electoral year, staff expenditure is estimated at RON42.2 billion.

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