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February 3, 2023

Labour Minister Budai: The budget for 2023 passed by Parliament is meant to protect the living standards of vulnerable people

The budget for 2023, passed on Wednesday by the Parliament, is meant to protect the living standards of vulnerable people, says the Minister of Labour, Marius Budai.

“The Romanian Parliament passed the budget for 2023! It is a budget intended to protect the living standards of the vulnerable population. It provides substantial resources in this regard; 130 billion RON for pensions, 28 billion RON for social assistance, 2.1 billion RON for unemployment. Pensioners’ incomes increase differentially, by up to 45%, due to the 12.5% increase in the pension point and the granting of various types of support,” the minister wrote on Wednesday on his Facebook page.

He emphasized that, next year, 2.3 million pensioners, who have pensions between 1,000 and 1,500 RON, will have increases in total between 34% and 45%, 950,000 pensioners, with pensions between 1,500 and 2,000 RON, will have increases between 22% and 25%, one million pensioners, with pensions from 2,000 to 3,000 RON, will have higher pensions by 14-15% and 500,000 pensioners, with pensions over 3,000 RON will see a 12.5% increase.

Parliament passed on Wednesday the state budget draft for 2023, with 251 votes for, 115 against and three abstentions, and the state social insurance budget draft for 2023, with 279 votes “for”, 121 “against” and 2 abstentions.

The Minister of Finance, Adrian Caciu, declared on Tuesday, in Parliament, that the draft budget is based on an economic framework with a growth of 2.8% expected for the year 2023. The budget was built considering a GDP of 1,552.1 billion RON, an average annual inflation of 9.6%, revenues of the consolidated general budget of 539.6 billion RON, with a share of total revenues in GDP of 34.8%, expenses of the consolidated general budget of 607.9 billion RON.

The public deficit will be in nominal value of 68.2 billion RON, down from 80 billion RON in 2022, or 4.4% of GDP in cash and ESA terms, from 5.7% of GDP in 2022, respectively 6.2% GDP in ESA terms, Agerpres informs.

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