IMF recommends that Romanian authorities consider modest increase in salaries, pensions

The decision of the Bucharest authorities to target a deficit of 1.9% of GDP on cash makes very likely the meeting of 3% deficit target, but this will have certain consequences, reads the report drawn up by the experts of the International Monetary Fund (IMF), following the third evaluation of the preventive monitoring agreement, which took place at the end of last year.According to the IMF, freezing pensions and salaries in 2012 will make budget tighter, with negative effects on ...

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