No Salary, Pension Cuts In Romania Following IMF Loan

The financial support package Romania and the International Monetary Fund are negotiating will not trigger lower basic salaries and pensions, government sources told Mediafax on Sunday.“The measures, including spending cuts and increased budget revenues, based on the government’s already announced policy, will be applied on a sliding scale stretching between 3 to 6 years, within a strategic plan with clear measures for a gradual adjustment of the economy,” the mentioned sources said at ...

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