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Romania prepares new tax cuts in 2018
Government, GDP growth could exceed 5.2% in 2017
29 May, 15:35
(ANSA) - TRIESTE - Romanian Finance Minister Viorel Stefan
announced new tax cuts as of next year, although the recent
planned cuts have raised concerns with the European Commission
(EC) and the International Monetary Fund (IMF). "We will
certainly introduce from January 2018 the fiscal relaxation
measures mentioned in the governing programme. Taxation levels
will fall", Stefan said in an interview.
He announced also that the economic growth forecast for this year will exceed 5.2% and Romania would meet its budget deficit target of 3.0% of gross domestic product for 2017.
EC estimates Romania will run the EU's largest deficit ratios this year and next, at 3.5% and 3.7% of GDP respectively.
According to FinMin Stefan, EU and IMF did not take into account the impact of fiscal stimulus. (ANSA).
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He announced also that the economic growth forecast for this year will exceed 5.2% and Romania would meet its budget deficit target of 3.0% of gross domestic product for 2017.
EC estimates Romania will run the EU's largest deficit ratios this year and next, at 3.5% and 3.7% of GDP respectively.
According to FinMin Stefan, EU and IMF did not take into account the impact of fiscal stimulus. (ANSA).
