Romanian Social Democrats Drafted Governing Plan In View Of Nov 30 Gen Elections

Geoana said the program is “daring” and would “completely change the way things work in Romania”.

Geoana said the program is based on an estimated economic growth of 4.5% in 2009 and includes multi-annual budget planning. Under the plan, EUR1.665 billion, including EU funds and loans from the European Investment Bank and the European bank for Reconstruction and Development, would be assigned to infrastructure.

The social democrats also plan to increase low wages and pensions, lower monthly bills for families with low income and cut back on public spending by reducing the number of government agencies.

Geoana said that if the alliance of social democrats and conservatives makes up the future government, the country’s privatization agency AVAS would be disbanded and the government would create a new structure, to handle both state assets and public money.

Romania holds parliamentary elections on November 30, and the main contenders in the race are the ruling Liberal Party, the leftist Social Democratic Party and the Democratic Liberal Party.