about us | newsletter | contact | archive | members area
Hans Klemm, US Ambassador to Romania
"The Romanian economic environment has tremendous potential,"»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Iohannis: Budget approach lacks needed responsibility in security context

President Klaus Iohannis sent a letter to Prime Minister Sorin Grindeanu drawing the attention that the approach on the budget construction doesn't prove the responsibility that the political and institutional commitments require in the current regional and international security context, according to Agerpres.

2017-01-27 10:32:24

"In the context of the debates on the budget allotments to the main credit release authorities, I note the fact that, for the national security area, except for the National Defence Ministry budget, all the other budgets witness reductions from the 2016 budget execution, some of these reductions being significant," said Iohannis. "I am drawing the attention that this approach on the budget construction doesn't prove the responsibility that are required from us, as a country and state, by the assumed political and institutional commitments, as well as the existing risks and vulnerabilities in the current regional and international security context."

He maintains that, in the context in which the general consolidated budget draft for 2017 provides an increase in overall expenses from 2016, accounting for almost 31 billion RON (6,8 billion Euro), which represents an over 15 per cent increase from the expenditure made in 2016, the reduction in the budgets for the national security area isn't only unjustified, but completely inopportune.

The head of state notes that in respect to the budget devoted to the National Defence Ministry, although there is an additional allotment from 2016, up to round 1.5 percent of the GDP, the firmly assumed commitments both by the Government leadership and that of the Social Democratic Party (PSD) aren′t observed, on ensuring a 2 percent of the GDP budget, according to the governance programme and the 2015 agreement, agreed on with the entire political spectrum.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  6515 Views
Daily Info
AFI Europe Romania posts increasing net operating income in H1 2017

AFI Europe Romania published its H1 2017 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of 25 million Euro in H1, repre...

Bonds of Globalworth will start trading on Bucharest Stock Exchange on July 31

Bucharest Stock Exchange (BVB) informs that the bonds of Globalworth will start trading on the main market on July 31, 2017, and are defined by the following: 5,500 bonds, nom...

OTP Bank Romania to take over Banca Romaneasca from National Bank of Greece

The National Bank of Greece signed an agreement with OTP Bank Romania on the sale of its equity holding of 99.28 per cent in Banca Romaneasca. The transaction involves the sha...

The healthcare system must be a priority, FIC says

Health is now a priority for Romanian authorities and the total spending on healthcare has grown significantly over the last four years (although it is still the lowest propor...

CET Govora reached 30 million RON profit in H1 2017

Heat and electricity producer CET Govora registered a net profit of 30.6 million RON in the first six months of 2017, compared to a net loss of five million RON in the same pe...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment...

Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minist...

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts a...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minist...

New law on ports administration would be very damaging for Romanian state budget, Fondul Proprietatea says

Fondul Proprietatea is concerned by the renewed steps to approve the draft law amending the Government Ordinance on ports administration, which was re-examined and approved...

EIB lends one billion euro to Romania for transport infrastructure projects

The European Investment Bank (EIB) is lending one billion Euro to co-finance with European Structural and Investment Funds priority transport infrastructure projects totall...

New trading symbol for Patria Bank shares on Bucharest Stock Exchange

Patria Bank shares, a credit institution that operates on the Romanian banking sector, are traded under a new symbol on the Bucharest Stock Exchange (BVB) market, following...