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"The effects of consumption-based growth due to wage increases are not sustainable"
Sebastian Metz, AHK Romania»
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Parliament adopts 2017 budget draft

Parliament on Tuesday adopted the draft laws on the state budget and the social insurance budget for 2017.

2017-02-07 15:37:29

The draft on the state budget was adopted by 208 votes to 105, and that of the social insurance budget was adopted by 208 votes to 107, according to Agerpres.

National Liberal Party (PNL) Senator Florin Citu pointed out that the Liberal parliament members voted against the 2017 budget.
"It is a budget breeching the fiscal accountability law, as the Tax Code states it, it is a budget not supporting partnership, market economy, it is a budget for consumption, it is a budget that has no more money for investments, investments are funded from promises of European funds or engagement loans," Citu said.

Before casting the votes, the PNL and the Hungarian Democratic Union of Romania (UDMR) representatives requested the presence in the plenary meeting of the Government representatives.

Prime Minister Sorin Grindeanu on Monday, in the opening of the debates in the joint plenary meeting of the Chamber of Deputies and Senate, presented the state budget draft proposed by the Government.
The 2017 budget will keep within the under 3 percent of the GDP budget deficit target, Grindeanu said.



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