Financiarul

Government representatives advocated on this occasion the passage of the law, so that the Romanian state be able to meet its payment liabilities and the next tranches of the loan agreement with the IMF and the European Commission be unlocked.
Addressing on Monday the Parliament plenary meeting, Prime Minister Emil Boc called on the lawmakers to pass the 2010 State Budget and Social security Law, stressing that this is the most important legislative act for the design of future investment policies.

“We are not here to sell illusions to the Romanians. Until 2012 we will not hesitate to take the measures the country needs,” Boc said when having the floor.
Premier Boc said that the 2010 state budget is conceived to jolt the country from the economic crisis, remarking that it is “a budget that provides us the certitude that salaries, pensions and allowances – as on today’s payrolls – can be disbursed tomorrow too.

“We have no election campaign scheduled for the years 2010, 2011 and in early 2012, therefore we can focus 100% on what the fate of the country and of each Romanian in particular means. We overcame the hardest part of the crisis in 2009. This is the year when we will be getting out of the woods and pave the way for economic growth. This budget takes these considerations into account. It is a budget for emerging from the economic crisis, for the preparation of Romania’s economic recovery and for improving the Romanians’ life,’ said Boc.

PM Emil Boc also underscored that the budget that is being discussed these days in Parliament is instrumental for the Government’s intention to redirect spending of public money mainly towards investments and job generation. Boc said that the GDP share of Romania’s public receipts is “the lowest in the EU.”

“We are at 31 pt of the GDP, while expenditures stand around 37-39 pct. Nowhere in the world can economic development be performed with such policies,” said Boc.
The Prime Minister added that he expects Romania to register this year an economic growth of 1.3 pct and the budget deficit to be 5.9 pct.
The state budget and the social security budget should be adopted by the end of this week, given that an IMF mission is expected in Bucharest next week.