Romania To Wait Until 2014 To Finance Education System By 6% Of GDP - financiare.ro
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News » August, 2011 » 11 August 2011

Romania To Wait Until 2014 To Finance Education System By 6% Of GDP
11.08.2011, 16:06 | HR Careers Education | 600 views



Romania's Government will extend the deadline by which it must provide at least 6% of the GDP to the education system by two years, until 2014, arguing that it would entail an additional budgetary burden of more than 46 billion lei (over EUR10 billion) in 2012 and 2013.

This delay is provided by the Government's fiscal-budgetary strategy for 2012-2014, obtained by Mediafax.

Romania's new education law says that the state budget and local budgets must allot at least 6% of the GDP to the education system each year. In addition, the state budget must allot at least 1% of the GDP every year for scientific research. The law says these rules are to enter force on January 1, 2012.

Read more on Mediafax.ro




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