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We're comfortable with budget rectification figures, says EU Commission vice-president Olli Rehn's spokesman
The European Commission (EC) hails the Fiscal Council's comments on the budget rectification, but it feels comfortable with the figures the document includes, given that the risks the Fiscal Council mentions are mirrored in the budget figures, particularly in the budget's considerable reserves, EU Commission vice-president Olli Rehn's spokesman Simon O'Connor told Agerpres, on Friday.
The 2013 budget rectification was discussed during the recent visit by the IMF, EU Commission mission and we are comfortable with the figures the rectification includes. We hail the Fiscal Council's comments and the ascending role it plays in securing good fiscal policies. The risks the Fiscal Council's comments refer to are mirrored in the budget figures, particularly in the budget's considerable reserves, Simon O'Connor said.
Late last month, the Romanian authorities and the International Monetary Fund (IMF) and the EU Commission mission reached a technical agreement on the new 24-month precautionary programme.
The financial support will amount to four billion euros, and it is equally paid by the IMFand the EU Commission.