The Executive has approved during Monday’s session the draft for the state budget for 2022 and the draft for the state social security budget for 2022.
The budget draft for 2022 was configured for an economic growth of 4.6%, with a GDP of 1,317.3 billion RON (1 Euro = 4.9488 RON), and the cash budget deficit is holding in the agreed terms with the European Commission in the procedure of excessive deficit, namely 5.84% of the GDP, the Minister of Finances, Adrian Caciu, declared at the end of the Government session.
“The budget draft for 2022 is configured on the following economic framework that was communicated by the National Committee for Strategy and Prognosis: 4.6% economic growth, GDP of 1,317.3 billion RON in 2022, average annual inflation of 6.5%, average gross wage earnings of 6,095 RON per month. The objectives of the fiscal-budgetary policy for 2022 and the 2023-2025 horizons were established based on the governing program of 2021-2024, which substantiates the fiscal-budget policy for 2022 and the 2023 and 2025 horizon of the other programmatic documents of Romania as a member state of the European Union,” Caciu said, according to Agerpres.
The Minister of Finance highlighted that the income to the general budget, consolidated in cash is 33.4% of the GDP, as opposed to 2021, when income was scheduled for 32.6% of the GDP, and expenses represent 39.2% of the GDP, as opposed to 39.7% of the GDP in 2021.
“We are basically continuing the fiscal consolidation, but in a balanced way for both expenses as well as earnings, from the perspective of the consolidated general budget”, Caciu pointed out.
According to the Minister, the cash budget deficit “is kept in the agreed terms with the European Commission”, in the procedure of excessive deficit, namely 5.84% of the GDP in 2022. The ESA budget deficit is set at 6.24% of the GDP, and the structural budget is 5.71% of the GDP.