The costs with the interest will reach 2% of GDP next year, and what the National Authority for Fiscal Administration collects in a month out of twelve will be paid for interest, says Alin Chitu, State Secretary in the Ministry of Finances (MF).‘We start from an area where we get gradually to 25% fiscal income in the GDP and either we decide to reduce expenses, including social services and I am talking about the ones which consume a lot, Health, Education so that we can keep this level of taxes that we have now, or it will be necessary to do some things, to collect more. And I ask you not to forget that next year we reach 2% of GDP for the interest costs. Practically, what the National Tax Administration Agency (ANAF) collects in a month out of twelve we pay for interests. And then, in a way, this balance is necessary in a way or another, not only from the perspective of the National Recovery and Resilience Plan (PNRR) stated Alin Chitu in the conference ‘ Competition in key sectors’ organized by the Competition Council.Asked about the fiscal reform, he said that ‘this is not a reform, but they are some steps, some decisions’.According to the MF representative, Romania must get at 30% fiscal income from GDP and for this the income must increase by 3%. This year, adjustments on the tax side will bring 1% of GDP.He also stated that the measures for digitization will bring four percentage points budget revenues at the finalization of PNRR.
Exim Banca Romaneasca and Maschio Gaspardo Romania are carrying out a strategic partnership through which the Bank, in its capacity as Romania’s Export Credit Agency, supports the company’s exports, providing protection against various commercial and political risks associated with external markets. Maschio Gaspardo Romania, the largest local producer of agricultural machinery, with a production unit […]
Baritone Mihai Damian, a soloist of the Romanian National Opera in Cluj-Napoca, has won the Male Voice category’s first prize at this year’s edition of Operalia, the competition for young opera artists established by Plácido Domingo. He also won the competition’s Audience Award and the special award offered by the Ministry of Culture of Bulgaria, […]
Romanian apocalyptic sci-fi horror feature “We Put the World to Sleep” had its world premiere on October 18 at the Nightmares Film Festival, one of the most important horror and fantastic film festivals in the US. The film, a product of 9 years of work, won Best Midnight Feature and Best Supporting Performance. Next, it […]
Romanian president Nicușor Dan visited a team of researchers and students from ‘Grigore T. Popa’ University of Medicine and Pharmacy of Iași, the creators of the smallest artificial heart with applications for both adults and children, on Saturday, October 25. In 2023, UMF “Grigore Popa” announced that the Mavis Artificial Heart team from the higher […]
Brașov, the popular mountain city in central Romania, will no longer host a fireworks display on New Year’s Eve, the City Hall announced. The decision, the authorities say, aims to protect pets and wildlife from the stress and harm caused by loud explosions, as well as the environment from chemical pollution. Instead of fireworks, the […]
Romania’s Social Democratic Party (PSD), part of the governing centrist coalition, is backing District 4 mayor Daniel Băluță for the general mayor of Bucharest. Elections will take place on December 7. Interim party leader Sorin Grindeanu first talked about the appointment following discussions with the PSD in Bucharest. “We had a meeting with colleagues from […]
