state budget
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Elimination of red tape and more flexible labour contracts could lead to 90,000 new jobs
The state budget could raise around 180 million euros a year in additional revenues from taxes due for 90,000 new jobs as a result of eliminating red tape and of modifying the temporary work regulations, say representatives of the Foreign Investors Council.
Government doesn't know what the state budget law for 2011 looks like
In the week when the budget law - the most important piece of legislation in a fiscal year - should already be under debate in Parliament, nobody seems to know what the law looks like.
State budget spending jumps by 3.8bn RON for pensions and unemployment
Unemployment and pensions are drawing in the biggest supplementary spending (3 billion RON) following the budgetary adjustment prepared by the Finance Ministry.
20% cut of public sector salaries could help save 2 billion euros
Applying the 20% salary cut to the entire public sector could help the state budget save approximately 2 billion euros, and reduce the budgetary deficit put at 4.6% by about two percent.