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Decisive week for budgetary sector reform

23.05.2010, 21:52 8

The decisive week when the Boc Government has to finalise, passand send to Parliament the set of budget sector restructuringmeasures for which it undertakes responsibility begins today.
While unions are threatening to go on general strike on the 31st ofMay, employers' associations are behind the Government in itsdecision to cut pensions and salaries instead of raising taxes. Asurprising position came from IMF's Managing Director DominiqueStrauss-Kahn, who said the Fund had recommended harsher taxes forthe rich instead of salary cuts.
Jeffrey Franks, head of the IMF mission to Romania, specified thatthe institution in Washington agreed that the solution chosen bythe Government would allow keeping the budget deficit withinadequate limits.
The Finance and Labour Ministries are expected to completecalculations on the reductions of budgetary spending after a weekof talks with the unions and the employers' associations.

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