The social security budget ended the first nine months with a742 million RON deficit, over 75% lower than in the same time of2009, as official data reveal, leaving the impression that paymentof pensions is not such a big financing problem.
The pension budget execution has seen fluctuations from onemonth to another partly because of the transfers of funds from thestate budget, which do not show as such as in the data published bythe Finance Ministry. Whereas in May the budget execution revealedan almost 90 million RON surplus, in August it had an over 1.2billion RON deficit. The explanation for this surplus is not somespectacular performance in the collection of social securitycontributions, but a transfer from the state budget worth 4.23billion RON. The statistical picture is thus blurred by these flowsof money between budgets, which try to cover the issue of chronicsocial security deficits.
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