The Ministry of Finance has released a document that almost completely contradicts a Florin Cîțu publication on June 25. One thing in the entire post was certain: finance and banking



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Since the end of last year, Florin Cîțu has announced that it has a document from the former minister (Eugen Teodorovici) that says that it is recommended that pensions not be increased by 40%. It is true, this document, released today by the Ministry of Finance, contains it. However, on June 25 (link below), Florin Cîțu had another post in which he posted an image on the first page of the document and listed a number of things that it would contain. Well, those things are not in the document. The information provided by the minister on June 25 simply does not appear to be true.

As I assumed on June 26 when I wrote this text (Florin Cîțu must present the complete document with the alleged PSD plan, not two pieces, one of which says nothing.), appears to be a briefing note following a trip by Romanian officials to Washington. It is not a plan, as you hinted.

What Florin Cîțu said on June 25, when he posted a photo of the document (click here, or at the end):

Last October, on behalf of the PSD, the former Finance Minister presented a document at a government meeting that proposed, neither more nor less, the sale of Romania at a discount.

That document proposed the largest loan in history to cover the budget hole created by the increase in pensions.

I draw your attention to two things:

1. They have always known that no money should pay the 40% increase in pensions.
2. They knew they had no money to pay salaries in the budget sector.

Watch out!

Here’s what the government-approved and PSD-negotiated plan provided:

– 30% reduction in budget staff
– 20% reduction in the expenses of the town councils and district expenses
– privatization of CEC and EXIM BANK, the two state banks
– privatization of companies in the energy sector
– partial privatization of the health system
– reduce arrears of state enterprises
– application of GEO 109 for all state companies and autonomous public services
– Freezing of salaries in the budget sector for 2 years.

AND

Great attention,

Extension of the increase in the pension point from September 2020 to September 2021 “.

see the publication on Facebook of the Minister of Finance, Florin Cîțu of June 25.

Apart from pensions, we find nothing in the document about the CEC, Eximbank, the 30% reduction in budget staff, etc. We only found information on pensions, that’s all. The rest, what he said in that post, does not exist.

However, what does the information note contain?

A delegation from the NBR, headed by Governor Mugur Isărescu, and one from the Ministry of Finance, headed by Valentin Mavrodin (Secretary of State at the time) were in the United States to speak with various officials and rating agencies.

There have been concerns about keeping the deficit at 3% for 2020, given the 40% increase in the Pensions Law. It was one of the IMF’s concerns.

At the end a proposal is made: Request the reanalysis of the implementation schedule of the provisions of Law n. 127/2019 of the public pension system on the increase in pensions to meet the limit of 3% of GDP for the budget deficit for the period 2020-2023.

Only the latter is true for the entire position of Minister of Finance.

Is there another document? If so, to prove you told the truth, you should post it.



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