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Romania Cannot Reduce Social Security Contributions In 2011 - President
Romanian President Traian Basescu said Saturday that, in his opinion, it is impossible to reduce social security contribution rates in 2011.
The President said this issue was not discussed with the delegation of International Monetary Fund, European Commission and World Bank officials.
Basescu explained that, while Romania would be able to cope with reduced social security contributions this year, in 2012 the lower collections would pose a problem, because the government is committed to bringing the budget deficit down to around 3% according to ESA, or 2.5% according to the cash model.
IMF mission chief Jeffrey Franks said in February that a mid-year evaluation may reveal budget revenue to have exceeded expectations, thereby allowing the reduction of social security contribution rates. He pointed out that the Government could also use the extra money on additional investments, for instance matching European funds for projects.
In April, Finance Minister Gheorghe Ialomitianu said the ministry was analyzing this course of action seriously, but a decision would only be made after consultation with the IMF and European Commission, and would take effect only towards the end of the year.
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Antonescu: Ponta nu a minţit spunând, precum Băsescu, că ”va curge lapte şi miere”
Politic astăzi, 15:15
Preşedintele PNL, Crin Antonescu, a declarat, sâmbătă, la lansarea candidaţilor USL Neamţ, că îl felicită pe premierul Victor Ponta pentru că nu a minţit spunând, precum preşedintele Traian Băsescu, că "va curge lapte şi miere". citeşte tot
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Producătorul "Dallas" Lee Rich a murit la 93 de ani
Life-Inedit astăzi, 14:34
Producătorul de televiziune Lee Rich, omul din spatele unor seriale de succes ca "Dallas" şi "The Waltons", a murit joi, la vârsta de 93 de ani, de cancer pulmonar, în casa lui din Los Angeles, potrivit latimes.com. citeşte tot





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