After announcing record-high inflation rate on Thursday, National Statistics Institute placed under PM’s direct authority

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On Thursday, the Government adopted a decision that stipulates that from “under the authority of the Government and the coordination of the Government’s General Secretary,” the National Statistics Institute (INS) INS is to be placed “under the authority of the Government and the coordination of the Prime Minister, through the Government’s General Secretariat,” a measure approved by a Government Emergency Ordinance (OUG) in early 2017.
“Considering OUG no.1/2017 on establishing measures in the field of central public administration and amending and supplementing several legislative acts that modify Article 1 of OUG no.40/2016, modifying Article 1, section (1), of Government Decision no.957/2005 on the organising and functioning of the National Statistics Institute is required, in the sense that the National Statistics Institute is organised and functions under the authority of the Government and the coordination of the Prime Minister, through the Government’s General Secretariat,” reads the draft Government Decision’s substantiation note.
Thus, from “under the authority of the Government and the coordination of the Government’s General Secretary” the INS is placed “under the authority of the Government and the coordination of the Prime Minister, through the Government’s General Secretariat.”
In fact, the measure is included in the provisions of OUG no.1/2017, which stipulates that the National Statistics Institute is one of the special bodies of the central public administration whose activity is coordinated by the Prime Minister.

 

Gov’t comes up with further details regarding the INS

 

Government Spokesman Nelu Barbu (photo) pointed out on Thursday, after the Government meeting, that the Government Decision’s changes regarding the INS do not seek to place the Institute under the authority of the Premier, something already stipulated, but to harmonise legislation and to update the land registry.
“I would like to make a correction – we can’t say it’s being placed under the Premier’s authority. In the legislation, the National Statistics Institute was under the coordination of the Premier before too. What happened through this modification? There are two aspects. Firstly, we are talking about legislative harmonisation, meaning that the Government Decision regarding the INS is set in line with OUG no.1/2017. Secondly, we are talking about the updating of the land registry,” Government Spokesman Nelu Barbu pointed out.

 

Turcan: Viorica Dancila has just rendered the INS subordinate to her. Premier should resign

 

PNL’s House whip Raluca Turcan accuses that Premier Viorica Dancila has rendered the National Statistics Institute subordinate to her, through a decision taken during the Government meeting on Thursday. She demands the resignation of the Premier.
“Starting today, economy specialist Viorica Dancila will endorse all INS communiques! PSD-ALDE are taking over yet another institution of the Romanian state. Today, it’s the INS’s turn. Romanian Prime Minister Viorica Dancila has just rendered the INS directly subordinate to her, via Government Decision. This decision can have no other reason than the fact that the INS has presented the real face of the economic reality in Romania: the inflation rate’s accelerated growth to 5%; a RON 145 drop in the net salary in January; salary drops in the healthcare sector. Such a decision on the Prime Minister’s part should urgently lead to the Premier’s resignation. This was the cherry on top, for the great economy specialist Viorica Dancila to also endorse any communique issued by the INS!” Raluca Turcan pointed out in a Facebook posting.

 

INS: Annual inflation rate goes up to 5 percent in March

 

The annual inflation rate went up to 5 percent in March 2018, from 4.7 percent in the previous month, on the grounds of non-food product prices going up 6.57 percent, those of food products by 4.01 percent, and those of services by 2.9 percent.

A higher annual inflation rate was registered in June 2013, when consumer priced went up 5.37 percent.

Compared to February, consumer prices went up 0.3 percent, in the context in which prices of food products increased 0.48 percent, the non-food products advanced 0.15 percent, and services prices grew 0.30 percent.

“The average inflation rate over the past 12 months (April 2017 – March 2018) as against the previous 12 months (April 2016 – March 2017), calculated based on the CPI, stands at 2.5 percent. Determined based on the HCPI, the average inflation rate accounts for 1.9 percent,” the INS notes.

In February this year, the National Bank of Romania (BNR) revised upwards to 3.5 percent, from 3.2 percent, the inflation forecast for the end of this year.

For the end of 2019, BNR estimates a 3.1 percent inflation rate.

According to BNR, the speeding up of the annual inflation rate in the first three quarters of 2018 is determined by those components of the consumption basket outside the monetary policy action area. The end of this inflation boom results in the indicator going back within the target interval starting with the last quarter of 2018.