The Government has failed to convince the IMF to agree to taxcuts or relax the budget deficit, either, next year, but undertooknew reform commitments.
Romania will go through the winter holidays without the next 900million-euro tranche from the IMF that will not come any soonerthan January because the Government got new tasks it will havecomplete by then.
The 2011 budget draft, the main stake of the negotiation round withthe IMF, which has just ended, has not been finalised, with theGovernment left to discuss with the unions over the minimum wageissue.
At the same time, yesterday's statements of Jeffrey Franks, thehead of the IMF mission, reveal that the authorities were unable toget the decision to cut social contributions and/or the flat tax asof January 1 accepted, as the ruling coalition would haveliked.
"Constant modifications of the tax structure are not productive andwe strongly recommend the authorities to maintain stability,especially after the very harsh measures taken," Franks stated. Hewould not say what the solutions discussed with President TraianBăsescu on Sunday night were, but Premier Emil Boc said the head ofstate was "really helpful" for a fair agreement in the future. Bothparties hinted that the negotiations were really tough, despite thelight-hearted atmosphere in Cotroceni when the talks began.
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