ECONOMY FINANCE&BANKING

FinMin Teodorovici: We are trying to come to Government with draft budget rectification next week

The draft budget rectification could be discussed next week by the Government, Finance Minister Eugen Teodorovici announced on Thursday.

“We are trying to come to the Government with the draft budget rectification next week,” Teodorovici said at the Victoria Palace.

The finance minister said there were requests from some institutions to supplement the budget.

Asked if there were talks on the budget rectification with the Presidential Administration as well, Teodorovici said: “The Finance Ministry had discussions with all the major public institutions that have been subject to the rectification and asked for some additional sums to their allocation. (…) Discussions also took place with the Presidential Administration and I repeat, in principle, where justified, where there are invoices received or about to be received by the end of the year, we will leave the related amounts to be paid, otherwise we will be overloaded and no saving is done this way, because next year the invoices, registered this year and paid next year, will still be accounted for based on the ESA methodology, let’s say, as a deficit this year.

Finance Minister Teodorovici added that also next week the Government may discuss the decision on a differentiated minimum wage.

Related posts

Total freight traffic through Romanian seaports up by 22.6 pct in H1

Nine O' Clock

Bucharest Stock Exchange at seven-year maximum

Nine O' Clock

Jan – Oct 2016 foreign direct investments up 34pct to 3.7 billion euro

Nine O' Clock

Leave a Comment