“We’ll do the math after the first three months and if there is no additional revenue from other taxes, the first budget revision will be in July and only then can we reallocate funding,” said Ponta.
The government has postponed by three months a rise in excises on fuels after President Traian Basescu threatened to stall the 2014 state budget law.
The International Monetary Fund, with which Romania is running a precautionary agreement, said Monday it welcomes Basescu’s signing the budget bill into law and measures to compensate for a revenue shortfall due to the excise delay would be discussed during its mission’s visit to Bucharest in January.