President Basescu: I am not giving the go-ahead for the memorandum with IMF, WB due to the added excise for fuel

President Traian Basescu said Monday evening he wouldn’t approve the memorandum with the IMF and the World Bank due to the government approved hike of the fuel excise of EUR 0.07 per liter included in the draft state budget for 2014.
Basescu said he would try to negotiate this issue with the IMF in January.
“I have decided not to approve this memorandum because of the government’s undertaken obligation to hike the excise for fuel. This is an anti-economic decision that perils economic development and the executive does not need this decision,’ the President said.
Traian Basescu stated the government needs to get rid of this excise hike.
‘I want to warn the government as well as the parliament to give up lies, this decision could be compensated by the cutting down of expenditures for Mr. Dragnea (deputy-PM, minister for development) by RON 1.5 bln,’ Basescu said.
The head of state stressed he would not sign this memorandum, because he had warned the executive long ago on this issues. ‘There were difficulties for governments before regarding taxation issues, but this time the government is not in any difficulty. They want only to build up resources for the 2014 elections and it is unfair for the poor people,’ Basescu said.
The statement was made by the Romanian President Monday evening, starting 18.30 hours, at Cotroceni Palace.

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