Public sector salaries to be cut by 25 pct, pensions by 15 pctPublish date: 07-05-2010
The public sector salary fund will be cut by 25 percent starting June 1, stated President Traian Basescu, as the option the International Monetary Fund (IMF) and Romania's Government have in view is the continuation of massive spending cuts programmes.
As well, the head of state announced that the unemployment benefit will be cut by 15 percent. According to the President, a pension cut by 15 percent is also in the books, as well as a massive reduction of subsidies.
The Government will adopt Wednesday next the letter of intent with IMF.
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