Law on empowering Government to present budget is published in Official Gazette

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The decree on promulgating the law on completing Art 26 of Law No 90/2001 on the organization and functioning of Romania’s Government and ministries was published in the Official Gazette on Thursday.

President Traian Basescu on Wednesday, December 2, signed the decree on promulgating this law that makes it possible for the Government, which was dismissed, to present in Parliament the state budget for 2010, but also the law on the fiscal responsibility. Interim Premier Emil Boc said on Wednesday that after the law on empowering the Government to send the budget to Parliament came into force, the Government would discuss the draft budget for 2010 in a meeting.

The approval of the law on the budget for 2010 is a condition imposed by the International Monetary Fund for unblocking the next tranche of the loan in the financing agreement concluded with Romania.

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