- Romania raised VAT from 19% to 21% to shore up budget revenues and avoid suspension of EU funds and payment default risk.
- Bolojan said Romania needed to present a credible fiscal plan within two weeks, and VAT was the only available immediate measure.
- He said the future government’s program does not include a return to the 19% VAT rate.
- He warned that reversing course or imposing further tax increases could affect Romania’s future credit rating, and said spending cuts/restructuring should continue instead.
Source: informat.ro
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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