spending cuts

EXCLUSIVE: Romania To Continue Spending Cut Policies In 2012, Amend Heating Aid Legislation

09:55, 11 Feb. 2011
Romania’s Government has committed in negotiations with the International Monetary Fund to continue spending cut policies in 2012 to bring the budget deficit down to 3% and revise the heating aid system by end-July, so subsidies will be granted only to people on low income.

Romania Scraps Free Public Transport For Revolutionaries, Descendants Of Martyr Heroes

13:05, 27 Mai 2010
Romanian revolutionaries of December 1989 and descendants of the country’s martyr heroes will no longer get free public road and rail transportation, trousseaus for newborns will be eliminated, along with severance payments for laid off workers.

Romanian Union Leaders Meet Fin Min Thursday To Discuss Spending Cuts

12:48, 20 Mai 2010
Leaders of Romania’s large union federations meet Thursday with Finance Minister Sebastian Vladescu to discuss spending cut measures included in Romania’s letter of intent with the International Monetary Fund.

Romanian Govt To Seek Confidence Vote In Parliament For Drastic Spending Cuts

16:15, 19 Mai 2010
Romania’s Government will seek a confidence vote in Parliament for the speedy adoption of the country’s planned spending cuts, Prime Minister Emil Boc said Wednesday during the Cabinet meeting.

Hundreds Picket Romania’s Govt HQ Over Planned Wage, Pension Cuts

11:05, 18 Mai 2010
Over 400 unionists are picketing the Romanian government’s headquarters for the fourth day Tuesday, calling on the Cabinet to step down because of its planned austerity measures.

Romanian Pensioners Picket Presidential Palace, Call On President To Resign Over Austerity Plan

11:33, 12 Mai 2010
Over 500 Romanian pensioners are picketing the presidential palace in Bucharest Wednesday and call on the president to resign over highly unpopular austerity measures he announced last week.

IMF: Romania Had More Balanced Options To Tame Deficit

15:12, 11 Mai 2010
The International Monetary Fund recommended a series of “balanced” measures to lower Romania’s growing budget deficit, but the authorities in Bucharest decided to rely almost entirely on public spending cuts, IMF’s mission chief for Romania Jeffrey Franks said.

Romania’s Announced Wage Cuts Not Our Proposal, IMF Says

14:31, 07 Mai 2010
Romania’s austerity plan to cut public salaries and pensions by 25% and 15% respectively was developed by the authorities in Bucharest and was not proposed by the International Monetary Fund, the institution told MEDIAFAX Friday.

About 35% Of Romanian Public Servants With Low Wages To Lose Jobs – Union Leader

21:36, 06 Mai 2010
Romanian National Union Confederation "Cartel Alfa" leader Bogdan Hossu told MEDIAFAX Thursday that about 35% of the public sector employees that have low salaries will lose their jobs if the money allotted to public sector salaries is reduced by 25%.

Romania, IMF Consider Harsher Spending Cuts To Reduce Deficit – Sources

19:26, 05 Mai 2010
Romania and the International Monetary Fund are considering drastic personnel and expenditure cuts to contain the budget gap at below 7% of the gross domestic product in 2010 without having to resort to tax increases, people familiar with the talks told MEDIAFAX Wednesday.