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The tax increases and the decrease in public spending did not convince the European Commission, they suggest raising the VAT by two points

  • The European Commission officials have reservations about the proposed measures by the Romanian government to balance the budget and suggested increasing VAT by two points and raising the tax on dividends.
  • They also called for stronger measures to reduce state spending. The Minister of Finance, Marcel Boloș, admitted a deficit of 5.5% in Brussels, which is higher than the target in the budget law.
  • The meeting between the Prime Minister and the head of the Commission on Friday becomes decisive in light of the differences of opinion between the Minister of Finance and the European Commission officials.

Source Profit.ro

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