Austerity Measures To Be Applied Until Yearend - Romanian PM

Romanian Prime Minister Emil Boc said Wednesday that the state budget law, the unitary wage law and the pension law that is currently debated on in Parliament will create all necessary conditions to raise pensions and salaries in 2011.

Romania's Government will seek a confidence vote in Parliament for two draft laws, one concerning budget expenditure cuts, and the other regulating the new contribution-based pension system and reevaluating disability pensions, the prime minister said early Wednesday.

The draft laws will be submitted to Parliament after they are approved by the Economic and Social Economic Council.

According to Boc, the Government expenditure cuts will not cause salaries and pensions to drop below the minimum rates of 600 lei (EUR1=RON4.1724), and RON350, respectively. The minimum guarantee income will be lowered and granted only to people facing financial duress.

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