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Draft budget on 2012 approved by Government makes available extra RON 300 mn for investments

The draft budget on 2012 approved by the Government on Friday includes investment expenses in amount of 38.1 billion lei, about 300 million higher that the initial proposal released on the website of the Ministry of Public Finance which read an initial 37.8 billion lei.

According to data presented at the end of the Government meeting by Minister of Finance Gheorghe Ialomitianu, the expenses for investments are going up from 36.1 billion lei in 2011 to 38.1 billion lei in 2012. Basically, this is the amount by which the budget of the Ministry of Regional Development and Tourism was boosted, from 3.1 billion lei, the level initially proposed for 2012, to 3.45 billion lei, to maintain the local investment programmes.

The budget expenses for investments are 6.5 percent of the GDP the year to come. The investment expenses represent 18.3 percent of the total budget expenses forecast for 2012, coming third after the social aid expenses, 67.57 billion lei (32.7 percent of the total) and the personnel expenses, 39.8 billion lei (19.3 percent).

Among the priorities in the field of investments there are the infrastructure works to be made in the fields of transport, environment, rural development, education and health, energy, especially those funded by non-refundable foreign funds, upgrading and paving 10,000 km of county roads and roads of local interest and creating connections with the national roads and the system of motorways, the buildings for young people, the social buildings, the buildings' thermal insulation, the support granted to projects made by micro-enterprises younger than two years by the 'Start' aiding programme, the support granted to business incubators.

The investments-incurred expenses are estimated to grow from 7.41 percent of the GDP to 8.15 percent of the GDP between 2013 and 2015.

Sursa: http://www.actmedia.eu

Tags: billion percent expenses investments government budget

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