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IMF released the government’s intent letter/ See Romania’s commitments 

de A.C.
Luni, 4 aprilie 2011, 10:05 English | Top News

“We will consider to steadily cut social contributions if the economic growth forms a sufficient fiscal space”, the government’s intent letter release by the IMF reads. We are committed to reform state companies, in key sectors like energy and transports because in the last years many state companies became a fiscal burden, the document reads. 

Other commitments  

  • We will implement the pension’s reform. 
  • We will eliminate, through a governmental ordinance, bonuses in the salaries and will eliminate bonus funds starting January 1st 2012 
  • We will implement a reporting system for state companies  
  • We will limit modifications to the taxing system to ensure stability and predictability  
  • We will set up a simplified mechanism to tax small tax payers and continue our efforts to introduce IT software in the national fiscal administration to improve fiscal administration  
  • EU fund absorption remains a central objective of the government 
  • The government will continue to restructure the health sector  

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