AcasăRomania & Moldova NewsExpenditures on social protection up 4.4pct in 2021

Expenditures on social protection up 4.4pct in 2021

Published on

Expenditures on social protection, including administrative costs of social protection schemes, amounted to 197.320 billion RON, increasing by 4.4% compared to the previous year, according to data of the National Institute of Statistics (INS) published on Monday, write Agerpres.

Of the total, 193.303 billion RON represents expenditures on social benefits.

The share of social protection expenditures in the GDP was 16.6%, a decrease of 1.1 percentage points compared to 2020.

Social protection incomes amounted to 192.596 billion RON, 7.9% more compared to the previous year. Their share in the GDP was 16.2%, a decrease of 0.5 percentage points compared to the previous year.

Expenditures on social protection benefits (except for administrative costs and other expenditures) were 16.3% of the GDP, a 0.7 percentage points decrease compared to 2020.

As in previous years (2012-2021), social protection was mainly oriented to cover the risks of old age and of sickness or healthcare, which accounted for 50.7% and 27.0% of total expenditures on social protection benefits.

Latest articles

European Competence Center (ECCC) to be based in Bucharest

Romania will host the headquarters of the European Competence Center (ECCC) in Bucharest, in...

Romania to donate 100,000 books to Republic of Moldova

Romania will donate 100,000 books to the Republic of Moldova, announced, on Thursday evening,...

World Bank: Romania can produce more wind energy than it will ever need

Romania has an onshore wind capacity of 3 GW and an offshore wind resource...

Iohannis: I will not run for parliamentary elections in December

President Klaus Iohannis announced on Friday that he will not run for the December...

More like this

European Competence Center (ECCC) to be based in Bucharest

Romania will host the headquarters of the European Competence Center (ECCC) in Bucharest, in...

Romania to donate 100,000 books to Republic of Moldova

Romania will donate 100,000 books to the Republic of Moldova, announced, on Thursday evening,...

World Bank: Romania can produce more wind energy than it will ever need

Romania has an onshore wind capacity of 3 GW and an offshore wind resource...