Loading ...Romanian Parliament on Wednesday resumed debate on the 2009 budget bill and social securities bill, at a joint sitting of the Deputies and Senate chambers. There was approved at the debate the First Section of the 2009 Budget Bill, focusing on budget revenues and expenditures. The revenues chapter estimates 75.704 lei, with the expenditures to have available 94.781 lei, that is a deficit of 19.077 billion lei. Prime Minister Emil Boc specified in the opening of the debate that the 2009 Budget Bill refers also to the biggest investment in infrastructure since 1989, to stand at 10.2 billion euros, that is 20 percent of the funds.
'This budget is the most generous after 1989 in terms of money for investments, in the context we do not have an economic growth of 7.8 percent the former government benefited from, but only an approx. growth of 2.5 percent, according to estimates. We do not have a budget deficit of no more than 5.2 percent, as the former government, but a deficit of 2 percent. This is the best anti-crisis measure, the best measure to maintain and create new jobs.
In principle, the money to be spent with creating and maintaining jobs will bring funds back to the budget and from there to pensions, wages and other social components. At the same time, public investments are essential for re-boosting the economy and improving the health of the financial system,' Boc said. He also specified that public investments would be mainly oriented to infrastructure works, environment, education, health care, agriculture and thermal insulation of the blocks, which are all such objectives that 'may generate multiplicative effects in the economy.'
The social securities budget stipulates 10 billion euros for pensions in 2009, that is 20 percent of the GDP, according to the labour Minister Marian Sarbu. The Minister underlined that the pension point will stand at 43.3 percent of the medium wage per economy on October 1, following the two increases during the year, one of 3 percent to be operated on April 1 and the other of 2 percent to be operated on October 1. There are to be allotted some 197 million euros for the minimum social pension too, so that no pensioner to have a pension smaller than 350 lei at the end of this year.
The state social securities budget afferent to the public pension system has 40.13 billion lei available, with expenditures standing at 39.909 lei and a surplus of 221 million lei. The state draft budget also stipulates revenues worth 75.704 billion lei, with expenditures to stand at 94.781 lei, and a deficit to stand at 19.077 billion lei. The general consolidated budget has been built on a deficit of 2 percent of the GDP, based on an economic growth of 2.5 percent, an inflation of 5 percent and an average exchange rate of 4 lei for one euro.
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