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.
A Romanian Air Force C-130 Hercules aircraft evacuated 10 Palestinian patients from Gaza on Wednesday, September 17, in a humanitarian mission coordinated with European and international partners, Romania’s Department for Emergency Situations (DSU) said. The patients, accompanied by 28 relatives, were flown from Israel’s Ilan and Asaf Ramon International Airport to Bucharest’s 90th Airlift Base […]
Romanian developer One United Properties (BVB: ONE) has signed a memorandum of understanding (MOU) with lifestyle hospitality company Ennismore to open a hotel under the brand The Hoxton in Bucharest. The Hoxton Bucharest will be located on Academiei Street, close to the University of Architecture. The hotel will rise on the site of three historic […]
Fewer than three out of four Romanians have a good opinion about the introduction of voluntary military service, a ratio slightly lower compared to a decade ago in 2015, the percentage being now lower among the AUR and PSD electorate, according to an ISCOP Research survey published on September 17 in the context of Russia […]
Romanian president Nicusor Dan informed the Parliament that he approved a request by the United States to bring additional forces to Mihail Kogalnicanu base at the Black Sea, in light of the rising tensions in the Middle East, according to
In a couple of meetings expected to generate a breakthrough on four key topics on September 17, Romania's ruling coalition deferred a final decision on the local administration staff cutting and the prolongation of the food price capping mechanism, according to Observatornews.ro....
Hungary's state company MVM responded to rumours, saying it has not abandoned plans to take over E.ON's Romanian subsidiary – but it only "temporarily withdrew from the FSR mechanism" because the approval of the investment by the Romanian authorities takes more than expected and the company needs to "balance its costs and resources," according to
