- Home
- English
- BUCHAREST, (20.10.2010, 18:16)
- Bogdan Neagu , Bogdan Neagu ,
Online news - Breaking news and last minute updates - Last update: 16:12, 16 februarie 2025
mediafax
IMF, Romania Agree On 2011 Budget Figures - Mission Head
The International Monetary Fund and the Romanian authorities have already agreed on next year's budget parameters, Jeffey Franks, head of the IMF mission to Bucharest, said Wednesday.
16 views![Imaginea articolului IMF, Romania Agree On 2011 Budget Figures - Mission Head](http://storage0.dms.mpinteractiv.ro/media/1/1/6966/7509159/1/article-photo.jpg?width=560)
IMF, Romania Agree On 2011 Budget Figures - Mission Head
The 2011 budget must be adjusted according to necessities, said Franks when asked by journalists about his view on the parliament's decisions to cut the value added tax level for staple food and to lift the income tax on small pensions.
Romanian lawmakers adopted Tuesday a bill cutting to 5% from 24% the VAT level for bread, meat, milk, edible oil and sugar. The parliament also adopted an amendment to the Tax Code that exempts small pensions from a 16% income tax.
An IMF mission is currently in Bucharest to review Romania's progress under the terms of a EUR13 billion arrangement.
If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »
The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.
![](https://cnt.m.ro/c.gif?id=7509159&pid=1)