Govt. to discuss debt pardon

The Romanian Government will discuss an emergency ordinance draft that would delay, with a view to cancellation, the payment of debts to the state budget, the social security budget, the health budget, the unemployment budget and local budgets. The ordinance will consider the debts registered on August 31, 2003 by regies autonomes, national companies and commercial companies. The notice behind the ordinance draft and the text of the draft itself do not mention whether these stipulations apply only to state-owned companies. “The government decision will name the economic units to benefit from these stipulations, and the restructuring, economic and financial recovery steps to be made to secure the payment in due time of current budgetary obligations and of other dues, including costs and the effects of their application,” reads the draft. ZF