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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

RO PM Citu says 2021 budget planning will not be ready sooner than early February

Romania's Government plans to submit the 2021 budget planning to Parliament on Thursday, February 4, prime minister Florin Citu announced, G4media.ro reported.

In the meantime, the ministries will provide details about how they plan to spend the money that will be allotted to them this year.

The ministers need more time to get familiar with their institutions before drafting financial projections, Citu explained.

The past Government, headed by Ludovic Orban and having Citu as finance minister, claimed that it had already prepared the budget for 2021, but now it seems that the procedures started from scratch.

Prime minister Citu implied that he wants firm control over the budgetary execution.

"I have seen awkward practices in 2016," Citu said, quoted by News.ro, pointing to the year when the Government was headed by now junior partner Dacian Ciolos. "Projects were inked but not financed, and the money earmarked for other projects was not spent."

The prime minister said again that his Government would make no tax hike this year.

He also reiterated the medium-term target of bringing the public deficit under 3% of GDP by 2024.

A first step is bringing the gap down to 7% of GDP this year from above 9% in 2020. 

(Photo: Gov.ro)

[email protected]

Normal
Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

RO PM Citu says 2021 budget planning will not be ready sooner than early February

Romania's Government plans to submit the 2021 budget planning to Parliament on Thursday, February 4, prime minister Florin Citu announced, G4media.ro reported.

In the meantime, the ministries will provide details about how they plan to spend the money that will be allotted to them this year.

The ministers need more time to get familiar with their institutions before drafting financial projections, Citu explained.

The past Government, headed by Ludovic Orban and having Citu as finance minister, claimed that it had already prepared the budget for 2021, but now it seems that the procedures started from scratch.

Prime minister Citu implied that he wants firm control over the budgetary execution.

"I have seen awkward practices in 2016," Citu said, quoted by News.ro, pointing to the year when the Government was headed by now junior partner Dacian Ciolos. "Projects were inked but not financed, and the money earmarked for other projects was not spent."

The prime minister said again that his Government would make no tax hike this year.

He also reiterated the medium-term target of bringing the public deficit under 3% of GDP by 2024.

A first step is bringing the gap down to 7% of GDP this year from above 9% in 2020. 

(Photo: Gov.ro)

[email protected]

Normal
 

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