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Romanian ’09 Budget Def At RON18.8B, Pensions Budget Surplus At RON221M

Romania’s state budget revenues are estimated this year at RON75.6 billion and expenses at RON94.5 billion, with a deficit of RON18.8 billion, while the estimate for the social insurance budget for the public pension system indicates a surplus of RON221 million.
Romanian ’09 Budget Def At RON18.8B, Pensions Budget Surplus At RON221M
31 ian. 2009, 18:51, English

Revenues to the social insurance budget for the public pension system are estimated at RON40.1 billion, and spending at RON39.9 billion.

Staff expenses will rise to a total RON17.5 billion (compared to RON16.6 billion in the preliminary 2008 general consolidated budget), while expenses on goods and services will amount to RON6.9 billion (compared to RON6.6 billion in 2008).

For the unemployment insurance budget, revenues are estimated at RON1.4 billion and expenses at RON1.5 billion, with a deficit of RON67 million.

"The deficit in the unemployment insurance system to be registered at the end of 2009 will be covered from revenues to the unemployment budget of previous years," according to the 2009 state budget draft obtained by MEDIAFAX.

From the value added tax, RON17.6 billion from the state budget will be assigned to local budgets.

The budget includes revenues and expenses of ministries, the national social heath insurance fund, foreign loans, non-reimbursable foreign funds, activities funded with own revenues.

The budget is built on a forecast economic growth of 2.5%, a budget deficit of 2% of gross domestic product, an inflation rate of 5% and a GDP of RON579 billion.