Romania’s Govt Wants Public Wage Fund Limited To 6.2% Of GDP By 2015 - Sources

The Romanian Government decided in Saturday’s meeting that the wage fund for the public system will be limited to 6.2% of the gross domestic products (GDP) by 2015, when the average wage will be half of the maximum wage, according to the new unitary wage law, government sources told MEDIAFAX.

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According to the unitary wage draft law, the basic salary accounts for 70% and bonuses for the remaining 30% of the revenues.

Romanian Prime Minister Emil Boc told ministers in the beginning of the meeting that this session seeks to make sure that the laws on pensions and on wages in the state budget sector will be drafted by the planned deadline and the time-frames for their adoption would be speeded up.

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