The deadline for measure proposals is 29 January, as employers and trade unions are invited to make suggestions for improving the draft.
The largest expenditure chapter is aimed at covering bills due, exceeding €2 billion, according to the latest draft. Subsidies and tax exemptions for agriculture will cost some €1.5 bln, and a further €1 million will be spent in the form of state aid.
The exemption for reinvested profits will add to a decline in revenues, of some €850 million less. Subsidies for vacation tickets for certain social categories will cost some €0.5 bln. Total expenses amount to €9 billion, excluding infrastructure expenditures. Prime Minister Emil Boc recently said that some 20 percent of the state budget will be spent on infrastructure.
In terms of revenues, the only major saving is the reduction in public acquisitions spending, by less than €1 billion. Overall, budget savings amount to some €1.5 billion.
Excluding bills due, the draft balance amounts to €5.5 billion, or 3.84 percent of gross domestic product (GDP), according to trade union representatives
