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After the new increase of pensionslor, cresc much more differencebetween low- and high-income older people. With a pension of 1,000 lei, the increase was 140 lei. Those who had 4,000 lei receive an additional 560 lei. reon September 1, the number of pensioners receiving more than 5,000 lei per month doubled.
After 30 years of work, Aunt Maria retired to the town of Pinoasa, in Gorj county, and receives 800 lei a month. She says the money is small, but she works at home.
“Well, we are not doing well, but we are still in the country, we are still working. What to do? It should also increase us. He put me a million. Little money, little, but what to do? ”Says the woman.
Floarea Bordaș, 82, from Cenad, Timiș, has difficulty earning money, as do most of the retirees in Romania. The 14% increase in pensions as of September 1 is not enough.
“It’s a little bit, because my husband is very sick and we spend a lot of money on medicines and we run from one place to another, and we have nothing, just the two of us and those who can drive,” says Floarea Bordaș.
“What do I have to do? Just, I limit myself, you said, to what I have. I have nothing to do, that’s all,” explains another retiree.
“I withdrew from security. What to do? On guard with a salary of 12-13 million, how to increase your pension?” – adds a pensioner.
Those with high pensions are also more advantageous
Being a percentage increase, those with higher pensions have more advantages, because with an income of 5,000 lei, the increase is 700 lei, while a pension of 1000 lei increases by only 140 lei. Which leads to an even greater discrepancy between those with low and high income.
According to data from the National Pension House, in September the number of people receiving pensions exceeding 5,000 lei doubled.
“We can reach the situation where those with high pensions already receive more money than they contributed and already become special through these increases. It is not normal. That is why I proposed the concept of a minimum pension equal to the minimum wage, 1,450 lei net, which would have meant that for some it would be an increase of 30-40% in pensions, and someone with a pension of 5,000 lei would go to a Pension of 5,200 lei , which meant 4% ”, explained economic analyst Iancu Guda.
Even for a person active in the labor market, it is difficult to reach an income of more than 5,000 lei. There are few areas in which an employee earns that salary.
“In IT, employees start with around 700-800 euros and in six months or a year, depending on their training capacity, they can easily increase this salary reaching 5,000 lei. There is also the field of sales, where we can reach this amount by accumulating a fixed part and a bonus, depending on the achievements, ”explained Corina Diaconu, manager of a recruitment agency.
According to the National Pension House, more than 1.2 million Romanians, out of almost 4.7 million pensioners, received a pension of more than 2,000 lei in September.
Beneficiaries of the increase in pensions
Pensions over 5,000 lei:
- August: 27,500
- September: 51,600
(source: National Pension House)
Rating agencies begin to react to the increase in pensions
Pensions have increased by 14%, but Parliament has decided that the percentage should be 40%. It is a huge expense, which the government says the budget cannot afford during this period. Analysts believe that the increase applied since September 1 is too much financial effort.
Standard and substandard, watch out will be reviewed, will be reviewed the rating given to Romania early december, warns that, fiscally speaking, our country extends more than its blanket. The agency’s analysts, cited by Reuters, estimate that the increase pensionsits, along with other social expenses, will boost budget deficit greater than 10% of GDP, where it will remain for the next two years. And that will trigger a “disorderly” budget correction.
According to the latest data from the Ministry of Finance, the budget deficit rose to 5.18 percent after the first eight months of the year.
Weak hopes
However, finance placed their hopes on the deferred amounts for the payment of companies to reach the goal of 8.6 percent of GDP by the end of the year. According to profit.ro, the total value of deferred tax obligations for the payment of companies, based on the facilities granted by the Government in March, rose to 14.4 billion lei.
However, it depends on the economic evolution in the next period if these amounts will enter the public treasury. If things go wrong, many of the businesses that now owe money will likely cease to function, meaning the money will be lost.
On the other hand, if the 40 percent increase takes effect, these amounts will not be enough and the pressure on the budget this year, but especially next year, will be enormous. And to cope with the increased spending, most likely investments will be sacrificed again. There is also the possibility introduction of new taxes. But, in any of the situations, citizens will also lose it by electoral whim.
