- BUCHAREST: Got any spare change? Romania's cash-strapped government is asking for donations to a fund set up to boost budget revenues and cushion the impact of the economic crisis, the Finance Ministry said on Friday.
Earlier this week, the centrist coalition Cabinet narrowly won a no-confidence vote in Parliament over sharp public sector wage and pensions cuts, key to keeping afloat its 20 billion-euro aid package led by the International Monetary Fund. "Every person in Romania, except for legal entities, can donate cash into this account," the Finance Ministry said in a statement introducing its "solidarity fund." When enforced, pay cuts will buy Romania time to reform its sprawling inefficient public administration and counter tax evasion, which should boost budget revenues. But with tax receipts expected to disappoint in the first half of the year, every little bit that can be spared is a help. Prime Minister Emil Boc has also said he will donate his wages to the fund, but the account is open to anyone who wishes to contribute.



