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The 2022 state budget was built on a cash budget deficit ratio estimated at 5.8 pct of the Gross Domestic Product and ESA deficit estimated at 6.2 pct of GDP, according to the draft law for the approval of the ceilings of some indicators specific to the fiscal framework for 2022, published on Friday by the Ministry of Finance (MF).
The spending with the personnel is estimated at 8.8 pct of GDP next year, while for 2023, the budget balance will be 4.4 pct of GDP and personnel expenditures 8.2 pct of GDP.
The proposed ceiling for government debt, according to the EU methodology, is 49.8 pct of GDP. This ceiling is mandatory for 2022, the Ministry of Finance said.
"In 2022, the ceiling on reimbursable financing, which can be contracted by the administrative-territorial units/subdivisions, is in the amount of RON 1,600 million, and the ceiling on drawings from the reimbursable financing contracted, or to be contracted by the administrative-territorial units/subdivisions, is in the amount of RON 2,000 million each," the MF document reads.
