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April 20, 2021
BUSINESS

Tanasescu: The Fund worries about political instability

Mihai Tanasescu, Romania’s representative at IMF and former finance minister, said that if 2009 is the year preparing certain major economic measures to secure healthy economic growth in the future, the next year will see the first outcomes of those measures, among which the blanket salary law, ‘Gandul’ daily reports.


He warned that these drastic state budget corrections, involving salary cuts primarily, will unavoidably create a great deal of dissatisfaction. ‘Nobody likes to see their pay cut. Yet, in the past four to five years, nobody asked about the financial resources for these salaries. This was a mistake. These 400,000 civil servants hired over the past few years shouldn’t have been there to begin with. We must talk of this mistake that nobody would dare say about, or if they do, they do so timidly,’ Tanasescu said.


Referring to the mood ahead of the talks on the measures Romania needs to take to observe the agreement, the Romanian official says there are serious concerns over this country, both economically and politically. ‘During talks with several IMF officials, various states raised the issue of political instability in Romania. Worries have also been voiced about the medium and long-term tax sustainability and the 2010 budget which has been far from being drafted,’ Tanasescu also said.

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