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December 8, 2021
BUSINESS

President Basescu: If we keep borrowing for salaries and pensions, we’ll go bankrupt

President Traian Basescu said Friday in Mangalia that he supports the fiscal strategy adopted by the government, because if Romania stays on the position of a country that pays state salaries and pensions with borrowed money, “then we’ll all go bankrupt,” Mediafax reports. According to Basescu, Romania will take loans for salaries and pensions next year too, but it is important that it borrows less than this year. Basescu explained that only those who worked in the 1st and 2nd labour categories and retired after year 2001 will not benefit from the pension hike granted to other pensioners earlier this year. In his turn, Premier Emil Boc said that the fiscal strategy was agreed with the European Union (EU) and the International Monetary Fund (IMF), and authorities will cut nothing of the money currently earned by state employees and pensioners. The actual money benefits for 2012 will be set through the Budget Law and Salary Law, Boc said during a visit to China. In the same context, the president of the National Council of the Social Democratic Party (PSD), Adrian Nastase said that the fiscal strategy drafted by the government “creates fiscal space for projects of the Ministry of Regional Development and Tourism (MDRT)” and for developing investments “that can be used in view of obtaining extra financing sources for the electoral campaign of 2012.”

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