BUCHAREST – Pension dispute

Romania’s socialist party PSD is pushing for a 40% pension increase, despite the government’s opposition to such a massive rise with a ballooning budget deficit.

The labour commissions in the Romanian Parliament amended the budget revision law that specifies the pensions will increase by only 14% as of September.

To be adopted, the change needs the OK of both chambers of the Parliament. The centre-right government introduced the change of the pension law in the budget revision adopted in August, while also widening the estimate for the budget deficit from 6.7% to 8.6% of the GDP, in the context of the COVID-19 crisis.

Romanian politicians are currently campaigning for local elections to be held on 27 September, with general elections scheduled for early December.

(Bogdan Neagu, Euractiv.ro)

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