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The budgetary deficit increased by almost 38% in the first 10 months, at almost 29 billion lei

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The consolidated general budget which includes both the state budget and the bugets for pensions and unemployment, closed the first 10 months with a deficit of 28.83 billion lei (6.03 billion euro) of the GDP with 37.9% higher than the one of the same period of last year, as the personnel expenses have increased by 19.5%, show the data published on Friday on the site of the ministry of finances.

In the first ten months of 2018, the budgetary deficit was 20.9 billion lei, namely 2.2% of GDP. The consolidated general budget for the first ten months of 2017 closed with a deficit of 6.6 billion lei, respectively 0.79% of GDP against the deficit of 1.3 billion lei, respectively 0.17% of GDP registered at the same period of 2016.

The expenses of the consolidated general budget are worth 289.9 billion lei, with 14.5% higher than for the same period of the previous year.

The expenses with the personnel are by 19.5% higher than those made in the first ten months of 2018, the increase being determined by the increase of salaries offered according to the law no.153/2017 regarding the payment of the personnel paid  from public funds.

Expenses with goods and services have increased by 16.6% against the first ten months of the previous year. Significant increase is registered both with the budget of the single national fund for social health insurances as well as the state budget. There is also increase of the expenses for subsidies by 12.5%.

The expenses with social assistance have increased against the same period of the previous year with 11.3%being influenced, mainly, by the increase of the pension point by 10% starting with 1 July 2018 getting from 1,000 lei to 1,100 lei and by 15% starting with 1 September 2019, getting from 1,100 lei to 1,125 lei as well as the increase of the level of social aid for pensioners from 520 lei to 640 lei ( starting with 1 July 2018) and from 640 lei to 704 lei (starting with September 2019).

The expenses for investments, which include capital expenses, as well as those concerning the development programmes financed from domestic and external sources were 26.8 billion lei by 30.4% higher than the same period of the previous year.

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