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2021 budget will be presented to Parliament by the end of January

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Prime Minister Florin Citu said on Wednesday that next year's budget will be presented to Parliament by the end of January, and talks with ministers on the topic will begin next week.

"Next year's budget will be presented to Parliament at the end of January. We will start discussions on this topic with the ministers next week. We will go to the debate in Parliament with the budget. (...) I guarantee you that the pensions and allowances will increase next year," the prime minister said at a news conference at Victoria Palace. 

He also said that the salaries and bonuses of the central and local public administration staff, including those holding public offices, will remain at the level of December 2020 next year.

"Related to the ordinance initiated by the Ministry of Public Finance, this ordinance represents a budget saving of almost 17.6 billion lei for 2021. In the first article: the salaries and bonuses of the central and local public administration staff are maintained, including the personnel holding positions of public dignity, will be maintained at the level of December 2020. This means a budgetary impact of almost 12 billion lei," said Citu, after the Government meeting.

Prime Minister Florin Citu said on Monday that the 2021 budget will be built with a deficit of 7 per cent of GDP, which shows the commitment to fiscal consolidation, noting that it is a budget that does not put a brake on the economy.

"We have already seen discussions in the public space and we need to clarify for next year's budget what measures remain and how they will be extended. For next year's budget, we stick to what we have said so far: we are in favour of fiscal consolidation, which means that we will build a budget with which we will come to Romania's Parliament with a budget deficit of around 7 per cent of GDP, which shows, on the one hand, our firm commitment to fiscal consolidation and, at the same time, is a budget deficit that, in the current economic context, does not put a brake on the economy. Fiscal policy remains stimulating in 2021, it is true, as we estimate, in the first part of the year and it will move towards a neutral fiscal policy in the second part of the year," said Citu, after the Monday’s Government's meeting.

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