PM Boc announces investment-directed budget adjustment

'Investments can preserve our jobs, they give us the chance to get the wages back to what they used to be in 2010 and to increase pensions as of this year. But if we invest in populist handouts this chance of Romania would go waste,' said Emil Boc while on a visit to the building site of the new premises of the National Library.

The budget adjustment will be probably carried out in August, after the International Monetary Fund (IMF) mission ends its visit to Romania, deputy chairman of the Democratic Liberal Party Sorin Frunzaverde said one week ago.

The IMF is these days carrying out the second review of the Agreement with Romania. The experts are considering a possible slight correction of the economic growth projections, the fiscal situation and the 2011 budget adjustment, the general parameters of the 2012 budget, the arrears of state-owned companies and the absorption of EU funds.