Basescu: I am unreservedly supporting restoring public wages to their pre-cut levels -
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News » May, 2012 » 7 May 2012

Basescu: I am unreservedly supporting restoring public wages to their pre-cut levels
07.05.2012, 10:28 | Finance-Banks | 601 views

President Traian Basescu on Sunday said that he is unreservedly supporting restoring public wages to their levels of before a 25-percent cut in 2010.

‘I am unreservedly supporting restoring the public wages to their pre-cut levels. This is what I have told the International Monetary Fund (IMF), the outgoing Cabinet, the IMF mission of February, the Romanian Parliament, the Cabinet-designate and the Prime Minister-designate. I have informed all of them of this option and this obligation incumbent on us to the public employees. The increase now in public wages will not widen the structural deficit in the public healthcare or the public pension funds.

On the contrary, the increase in public wages will narrow the deficit in the public pension fund because the contributions to the fund will be computed against a higher amount for each salaried worker,’ Basescu said Sunday ah the Cotroceni Presidential Palace.


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