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

Euro trades at 4.9765 RON

The exchange rate of the national leu currency resulting from the quotations announced on...

Antibiotice Iasi reports net profit of 87.9 million RON, up 15 pct, in first nine months

Romanian drug manufacturer Antibiotice Iasi recorded a net profit of 87.9 million RON in...

Fondul Proprietatea, profit of 209.6 million RON in the first nine months

Fondul Proprietatea ended the first nine months of this year with a net profit...

Bucharest Stock Exchange opens Friday’s session in the red on most indices

The Bucharest Stock Exchange (BVB) opened with declines on most indices on Friday, and...

More like this

Euro trades at 4.9765 RON

The exchange rate of the national leu currency resulting from the quotations announced on...

Antibiotice Iasi reports net profit of 87.9 million RON, up 15 pct, in first nine months

Romanian drug manufacturer Antibiotice Iasi recorded a net profit of 87.9 million RON in...

Fondul Proprietatea, profit of 209.6 million RON in the first nine months

Fondul Proprietatea ended the first nine months of this year with a net profit...