Romanian Govt Postpones Decision On Cutting Budget Expenses

Under the draft ordinance, the government is to ban public institutions from purchasing cars, buildings, home appliances or air conditioning devices this year. In addition, the government also plans to avoid hiring new staff, unless absolutely necessary.

 

New hiring will only be allowed with the approval of the ministries of labor and economy.

 

The move will allow the Romanian authorities to cut budget expenses by 1.85 billion lei (EUR1-RON3.7197), government sources said.

 

However, the measures will also trigger lower revenues to the state consolidated budget.