Minister Teodorovici: Pensions and salaries to be paid as usual, pensions to increase by 10 pct from 1 July

According to Minister of Public Finance Eugen Teodorovici, Romanian authorities are not encountering any problems when it comes to the payment of pensions and salaries. Moreover, pensions will increase by 10 percent from July 1st, the minister announced.

“There are funds and there will be by year-end for pensions and salaries. We are looking very closely to every figure – we have preliminary data, which will be posted tomorrow on the website of the Ministry of Public Finance because that is the legal timeline – and data shows that we are not lagging behind compared to the timeline we had since the beginning of the year, which we used to approve in Parliament the budget for 2018. There may be fluctuations when in the VAT area, in the excise area, in different areas, but this year overall we will be the way we committed ourselves to be on the revenues plan and not only,” Teodorovici told Antena 3.

Asked if there is money to raise pensions by 10 percent from July 1, the minister pointed out that everything planned for this year will be achieved and the budgetary impact of all announced measures was foreseen in the 2018 budget.

“For each measure we have had for this year, the budgetary impact has been planned for this year in the budget. All that has been planned this year will be achieved.”

In addition, he argued that there are many areas where money can be brought “without adding.”

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