Romanian minister: Social spending amount to 69 billion of a total lei of a total of 200 billion. It should be rationalised

Joi, 2 decembrie 2010, 12:41 English | Business

Romania's government has a clear decision on rationalising social spending, which have a considerable weight in the consolidated budget - social spending amounts to 69 billion lei, of a total spending of 200 billion, Finance minister Gheorghe Ialomitianu said at a conference on European issues in Bucharest on Thursday.

He said a proposal was expected from Labor minister Ioan Botis on social spending cuts as the idea behind the 2011 budget is to provide the most consistent amount of money to investments and co-funding European projects.