23 C
August 8, 2022

Gov’t to earmark 1.167 bn lei to local budgets in budgetary revision

The government plans to allot 1.167 billion lei to the local budgets, according to the emergency ordinance draft regarding the 2014 budgetary revision posted on the website of the Ministry of Public Finances (MFP).Out of the total amount, 140 million lei would be for salaries and payments of enforceables especially in the pre-university education system, as many as 56.7 million will be for paying the personal assistants who work specifically for disabled people, 27.9 million lei will be allotted to child protection units, 17.3 million will be directed to the special units for disabled people and 40 million will go to the Inspectorate for Emergency Situations in Bucharest. Moreover, 542 million lei – amount deducted from VAT – will be earmarked for rebuilding county and local roads, with the special mention that the money for each territorial unit will be calculated depending on the length and current state of the roads and granted following a decision of the County Council, after consultations held with the mayors.The local authorities will receive 340 million lei for rebalancing local budgets of communes, villages, municipalities and the county, following the actual distribution of the money to be made based on the provisions of the Law No. 273 ad of 2006 on the local public finances.Starting in 2010, the rates deducted from the tax income associated with the local budget was slashed from 82 down to 71.5 per cent. In 2014, this reduction means in fact a reduction in the local budget revenues by 2.335 billion lei.

Related posts

Mazars Romania: What implications will COVID-19 bring from an IFRS perspective?


As part of Investors Days, a competition run by Techcelerator, Synaptiq closes funding round totaling €250,000 for Mediq, the software that revolutionizes radiotherapy by identifying cancerous tumors accurately in minutes


New car registrations 35 pct up in July

Nine O' Clock