tg-me.com/Wallachian_Gazette/5980
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The Romanian government overspent by 36 billion Romanian lei, or 2% of the expected GDP of 1.700 billion Romanian lei (~340 billion EURs). If the government continues to spend at this rate, it will be impossible to reach the 5% deficit target.
Prime minister, Marcel Ciolacu and finance minister, Marcel Boloș, defended this overspending by blaming recent military acquisitions and infrastructure related spending which were scheduled to be paid this year according to the National Recovery and Resilience Plan (PNRR).
In regards to the military spending, that is simply false:
🔸 Romanian military spending has been on the decline since 2020 !! Yes, military spending is up, but only by 10% compared to the first three months of 2023 and it is mostly represented by delayed acquisitions which should've been done in the last months of 2023.If anything, Romania is behind its defense spending target.
🔸 Infrastructure spending has increased by 7% and, worth remembering that some of these funds are not actually coming from the coffers of the ministry of finances but rather from Brussels.
🔸 Actual overspending comes from salary and goods & services which rose by 20%, 9% bigger than the predicted spending.
🔗 https://www.zf.ro/eveniment/de-unde-vine-deficitul-bugetar-record-din-primul-trimestru-din-2024-22384135