66% of the public expenditure next year will go to the social sector. The social spending will represent 26.8% of the GDP, up 0.9% on 2013, IPN reports, quoting the 2014 draft budget law.
The largest part of the spending will go to extend the reforms in education so as to contribute to increased efficiency in the use of resources in the future.
The national public budget spending on the economic sector will make up 16.3% of the public expenditure and 6.6% of the GDP, up 1.1% on 2013.
The capital costs will be 7.8 billion lei or 18.1% of the total expenditure and 7.3% of the GDP. Compared with 2013, they will rise by 2.3% and 1.2% respectively. Investments will be made in projects to build and reconstruct roads, to provide drinking water and sewerage services and to reconstruct social and economic facilities.
The global revenues of the national public budget will total 40 billion lei, up 3.54 billion lei or 9.1 on 2013. The expenditure will be 43.1 billion lei, up 5 billion lei on the spending projected for this year.
The deficit will be 2.8 billion lei. The state budget accounts for 2.42 billion lei of the deficit.
The national public budget represents a unitary system of budgets and funds that includes the amounts collected into the state budget, the budgets of the territorial-administrative units, the state social insurance budget and the mandatory health insurance funds.
