Loading ...The government has the resources required to provide all the spending set at the budget revision conducted at the end of August, Finances Minister and interim Labour Minister Gheorghe Pogea said after meeting the union leaders of the Public Sector Workers Alliance on Monday.
He stressed that the outside financing package from the IMF, the European Commission and the World Bank is a great advantage for Romania in terms of costs; he added the Bucharest authorities, at this moment, have no reason whatsoever not to continue the standby agreement, after the IMF evaluation.
“It is a great advantage for Romania to maintain the outside financing lines”, Pogea said. The minister announced the third tranche of the IMF loan will get to the Public Finances Ministry’s budget in order to fund the budget deficit, with the next tranches to fully go to the National Bank of Romania.
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