Cancelling Public Sector Employees’ Unpaid Leave Entails Additional Expenses – Romanian Fin Min

Pogea said he did not urge the IMF's mission, during the meeting held Wednesday, to change the parameters negotiated in the loan agreement.

Pogea said during hearings in the Parliament committees for budget that annulling the 10-day unpaid leave for the employees in the public sector will entail additional expenses worth 1.6 billion lei and the country might not observe the 7.3% budget deficit negotiated with the Fund.

A mission of the International Monetary Fund met Wednesday with central bank Governor Mugur Isarescu and held talks with the representatives of the Finance Ministry.

The IMF's mission came to Romania at the request of President Traian Basescu for its second review related to the standby loan granted to Romania and the visit will end on November 9.

Romania and the IMF signed in spring a two-year standby arrangement for EUR12.95 billion, as part of a wider EUR19.95 billion aid package the country took from the EU, the World Bank and other foreign lenders to cope with the recession.

Romania has so far received around EUR7 billion from the IMF.

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