More than 65% of the expenditure of the 2015 national public budget are intended for the social sphere, which is the same level as in 2014. The social costs represent 27.6% of the budget expenditure, an increase of 1.5% on 2014, IPN reports, quoting the State Budget Law that was adopted through the assumption of responsibility by the Government for it before Parliament and that took effect after it was published in the Official Gazette.
The largest part of the social costs will go on education, for continuing the reforms initiated in this sector and for optimizing the use of resources in the future. The reform perspectives are described in the medium- and long-term sector strategies.
The economic costs will represent 17.1% of the total expenditure of the national public budget (-0.1%), which is 7.25% of the GDP, an increase of 0.4% on last year. The resources earmarked for agriculture, the forestry sector and water management sector rose from 2.04 billion lei in 2014 to 2.6 billion lei in 2015. In industry and the construction sector, the costs increased from 59.6 million lei to 64.4 million lei, while in the fuel and energy sector from 221 million lei to 602 million lei.
The expenditure will total 49.857,9 billion lei, by 11.2 billion lei more than in 2013 and by 5.46 billion lei more than in 2014. The public costs account for 42.1% of the GDP, as against 39.8% in 2014. The revenues of the national public budget this year will come to 45.362,4 billion lei, up 6.9% or 2.916,4 billion lei on 2014. The deficit will be 4.495 billion lei, 3.976 billion of which will be the state budget deficit. The deficit will be covered mainly with foreign resources and with internal resources from issuing shares, selling and privatizing public property.
