The World Bank criticizes the last report on Romania, the country with an irresponsible budget, politically driven and a Finance ministry that has more employees than England. Presidential counselor Leonard Orban warns that the report on justice in 2011 needs to be positive to ensure we join Schengen. And unions warn that at least 7% of the state's employees were not considered in the 2011 budget.
The World Bank criticizes Romania in a secret report released by daily Gandul. The report criticizes the 2011 budget, which is said to be irresponsible and politically driven with a Finance ministry employing more people than England.
In the report, the international financial institution recommends solutions for each problem identified. Romania's budget supports unrealistic spending, lacks credibility and register's the lowest EU fund absorption, a territorial fiscal administration that increases collecting costs, which should be replaced with a well driven IT system and a call center, the Work Bank report reads.
The document obtained by the newspaper is destined for the institution's administrative board and Bucharest officials and it does not have a public character. According to the WB, on the medium term, state companies should be controlled directly by the Finance ministry through a new agency or department in his subordination.
A part of WB recommendations will be included in the new financing agreement that Romania announced to sign in 2011 with the IMF/ WB/ EC.
Regarding the budget, the report reads that the approved budget is not credible, is based on unrealistic revenues, overestimated to justify big spending. Overestimation of revenues was made at political pressure and the current budget deviates from the initial budget. Due to lack of credibility, it lacks transparency and predictability and fis
