Romanian Finance Minister Adrian Câciu has introduced that the federal government wants to chop finances spending by at the least 20 billion lei (about 4 billion euros) as a consequence of decrease tax revenues. The authorities has mentioned that there will not be layoffs or wage cuts within the public sector, however cutbacks in “non-substantial expenditures”. The Romanian press puzzles over exactly what measures will probably be taken.
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Romania: fill the finances hole – however how?
