Public wages will increase by 8 percent as from June
Finance Minister-designate Florin Georgescu says that it was found a solution for public pensioners ,” they will get back in monthly installments also from the same date”.
07 Mai 2012, 11:50
The negotiations with International Monetary Fund, European Commission and World Bank were completed on Saturday evening and on Sunday , at the end of the fifth evaluation mission of the standby agreement , the joint delegation was received by President Traian Băsescu.
After the meeting with the delegation of international financial bodies , the Head of State has scheduled a press conference at 16.
After the marathon-talks in the last two days with the designate-ministers of the cabinet Victor Ponta , the representatives of the international institutions have agreed ” the wages increasing and giving back the sums taken without a legal basis from pensioners”, according to FinMin-designate, Florin Georgescu.
Ponta Government is committed to continue the reforms and policies for macroeconomic stability and the international bodies have allowed the hiking of the budget deficit in order to comply the two promises made by USL, according to the minister.
A certain amount to restore public sector salaries to their June 2010 levels, the first hike of 8 per cent set to take place on June 1 and also was found a comprehensive solution to solve the pensioners problem who are to get back the monthly amounts that same month, said Florin Georgescu, FinMin-designate.In order to restore the nominal values from 2010, the public wages are to increased by 16 per cent throughout the year.Another important topic , negotiated by Ponta cabinet with the international financial bodies was the privatization schedule.
The Finance Minister-designate has committed to complete the Oltchim company privatization in September and resume the auction for Cupru Min sale in no more than four months. At the discussions has been determined also a schedule for the liberalisation of gas and energy prices.
„ This year will not have any price increase either population or industrial consumers.In 2013 will increase”, said Daniel Chițoiu.
Romania is implementing a precautionary agreement with the International Monetary Fund amounting to 3,6 billion Euros, completed by a similar agreement with the European Commission for funds available to 1,4 billion Euros and a credit line of 400 million Euros from the World Bank.
Translated by
Denisse-Meda Bucura
MTTLC, Bucharest University
