Report on 2024 state budget execution approved by Government

Government has approved the Report on execution of the state budget for 2024. Last year, state budget revenues amounted to 66.98 billion lei, an increase of 2.3 billion lei, or 3.7% compared to 2023.

At the same time, expenditures were 80.1 billion lei, a decrease of 600 million lei compared to 2023. Aabout 45.3% represent expenses for programs and services funded from the state budget, and 54.7% are transfers to local budgets, the state social security budget, and mandatory health insurance funds.

The most significant resource allocations were for social protection (26%), education (23.1%), general government services (14.3%), health care (11.4%), and economic services (10.8%).

According to the document, last year's revenues were executed at 99.9% of the planned amount, while expenditures were at 97.5%.

The budget deficit was reduced by 18.8% or 3 billion lei in 2024, amounting to 13.1 billion lei. As a share of GDP, this represents 4%. State debt was within the limits set by the State Budget Law for 2024 and amounted to 121.4 billion lei at the end of last year.

"We have improved the connection between the Treasury, the Ministry of Finance, and local public authorities, which has led to a much faster implementation of our projects at the local level," said Prime Minister Dorin Recean.

Also, at today's meeting, the Cabinet of Ministers approved the Report on the execution of the state social security budget. Revenues in this budget amounted to over 42 billion lei, and the resources were used to index pensions for 677,000 pensioners and increase state allowances for 97,000 beneficiaries. Additionally, in 2024, the one-off birth allowance was increased to 20,000 lei or by 83%, three new benefits for families with children were introduced, and monthly allowances for all children up to 2 years old were ensured at a value of 1,000 lei.

"This Report shows the Government's care for citizens. We have better targeted aid and social support," said the Prime Minister.

The Government also approved the Report on the execution of mandatory health insurance funds in 2024. The most significant expenditures were intended for the maintenance and modernization of medical institutions, covering the needs for 863,857 pre-hospital emergency medical requests and over 9 million visits to family doctors for insured and uninsured persons. Additionally, the e-prescription service was launched, and access to reimbursed medications and devices increased.

"Today, from North to South, we have what did not exist 3 years ago - modern equipment, patient care conditions exactly like in the European Union, and access to a much wider range of medications and medical devices," he emphasized.