Read the budget draft in Romanian here Key numbers
Ministry of Finance, ING Revenues: Composition and dynamic
On the revenues side, all main categories should improve in 2021 in line with the economic recovery, leading to a 13.1% increase in revenues.
Ministry of Finance, ING
Expenditures are estimated to rise by 4.8% in 2021.
Essentially, public wages and pensions are capped at their December 2020 level, subsidies and goods & services expenditures have been reduced while investment spending is estimated to increase by 15.7%.
The Covid-19 related spending is envisaged to drop from 4.85% of GDP to 3.65% but interestingly enough there is an increase in the estimated amounts for public guarantees related to funding schemes for the SMEs and large companies. These guarantees are planned to increase from 1.20% of GDP in 2020 to 2.52% of GDP in 2021 and are also included in the total Covid-19 related support measures. Expenditures: Composition and dynamic