The law for the approval of the caps of some specified indicators in the fiscal-budgetary framework for the year 2023 was promulgated on Friday by President Klaus Iohannis, told Agerpres.
The budget for next year is built on a budget deficit target estimated at 4.40% of GDP, both cash and ESA, and the expected personnel expenses represent 8.2% of GDP.
The Government, through the Ministry of Finance, developed the fiscal-budgetary strategy for the period 2023-2025, which establishes the principles, objectives and fiscal budgetary priorities of the Government for the period 2023-2025. (...) For the year 2023, the budget balance is estimated at - 4.40% of GDP, and personnel expenses at 8.2% of GDP, while for 2024 the budget balance will be -2.95% of GDP, and personnel expenses at 7.9% of GDP.
For the year 2023, the cap proposed for government debt, according to the EU methodology, is 49.8% of GDP.
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