





Traian Basescu: IMF recommends a 5% personnel cut of budgetary personnel
The president emphasized that the 2009 budget will take into account the most pessimistic prognosis, of a 4% contraction of the economy.
The agreement with the IMF allows the business environment to use the cash on the market, instead of having it absorbed by the state budget, Basescu said, during a meeting with the presidents of the Romanian chambers of commerce. "Not one Euro from the IMF funds will go to salaries or bonuses", Basescu added.