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Tolosa (IMF): the new Romanian Government's priority should be to maintain the financial macro-stability
The rise in the public sector salaries, if maintained by the new Government should be part of a comprehensive package of reform measures in the public sector, that should include the improved administrative capacity and, moreover, it must be accompanied by clear explanation of the financing sources, the International Monetary Fund's Resident Representative for Romania and Bulgaria Guillermo Tolosa said on Wednesday.
The expectation we all have from the new Government is to begin making decisions in a completely different manner. If they choose to increase the salaries, such measure should be part of a comprehensive package of reform measures in the public sector, that should include various measures, such as the improved administrative capacity. Moreover, the financing sources must be clearly stated, as well as if it is a sustainable measure for the current budgetary framework and what will be the measures that will support such increase. Therefore, we expect from the Government to do its homework first and take the measures afterwards, not the other way round, Tolosa told the Romanian Banking Forum.
According to him, the new Romanian Government's priority should be to maintain the financial macro-stability obtained with efforts in the last years. The IMF official said Romania is in its best macro-economic situation in seven years and it would be a pity to lose this absolutely necessary basis for its future prosperity.