The delegation will discuss the evolution of Romania’s budget deficit during the first five months of 2014, as well as the government’s planned reduction of the social security tax by five percentage points.
This will be the third review of Romania’s loan with the IMF.
In September last year, Romania and the IMF signed a EUR1.98 billion two-year precautionary loan program, the third financial package the eastern European country has received in the last four years.
Romania will also receive EUR2 billion from the European Union under the new program, while EUR1 billion remains available under a World Bank policy loan.