Romania has resources to pay pensions and salaries, says Finance Minister

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In spite of the crisis Romania has sufficient resources to pay pensions and salaries, announced on Monday, prior to the meeting of the National Standing Bureau of the Democrat Liberal Party (PD-L, in ruling coalition), Finance Minister Gheorghe Pogea.

As well, PD-L Minister gave assurances that there is no reason for which the following two tranches of the loan contracted with the International Monetary Fund (IMF) will fail to reach Romania, but made no comment if the money would be used for the payment of pensions and salaries.
„As long as we do our work, I do not think IMF would have grounds (not to approve the two tranches – editor’s note), he said.

Gheorghe Pogea said that the money, 1.788 billion euros, representing September and December tranches, are to be used for financing the budget deficit, and investments are its most important component.

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