Romania will finally have predictable, multi-year budgets

At the IMF's request, the Finance Minister has set firm caps in advance that it will have to observe on personnel spending and on spending allocated for the main budget components of the consolidated budget for the next three years, as well as budget deficit targets.
The government approved the law that includes the fiscal strategy for 2011-2013, and will send it to Parliament urgently. The approval comes more than three months after the draft law on the approval of certain fiscal-budgetary indicators was posted on the website of the Finance Ministry.

News source: ZF English link: article