PM: Economic measures package to be approved next week


Introduction of the EUR 0.07 fuel excise could be delayed again by another three months, but only in the case of diesel oil, Premier Victor Ponta added.

The package of measures concerning the modification of the system of penalties for the payment of budget debts, the limiting of interbank commissions, the introduction of an upper ceiling for cash payments, the introduction of electronic cash registers with economic logs and the improvement of the VAT reimbursement procedure will be adopted next week, Premier Victor Ponta stated yesterday. The changes were about to be made during the government meeting yesterday. “It’s about the modification of the system of penalties, the limiting of interbank commissions, the restriction of cash payments, the introduction of electronic cash registers with economic logs and the improvement of the VAT reimbursement,” Ponta pointed out.
He stated in this context that the Antifraud Directorate is starting to do important things and asked Finance Minister Daniel Chitoiu to “spur” the institution’s employees to combat tax evasion and to hike budget revenues.
Official sources stated on Monday for Mediafax that the government has proposed to the International Monetary Fund (IMF) the introduction of a rebate for the early payment of taxes other than local taxes for which such a system is already in force, but the IMF experts did not agree with the measure, being unconvinced of its efficiency. If accepted the rebates could represent 10 per cent of the taxes owed, just as in the case of the early payment of local taxes. Currently the early payment of local taxes results in a 10 per cent rebate.
Likewise, the introduction of the EUR 0.07 fuel excise could be postponed again by another three months, but only in the case of diesel oil, Premier Victor Ponta stating that this option could be taken into account if it proves to be economically viable. “The fuel excise is very clear, the only thing we can still do, on the basis of discussions with our international partners, would possibly be another three-month postponement in the case of diesel oil, if it proves to be economically good too, not just politically,” Ponta said.
Premier Victor Ponta stated on Tuesday that the government cannot give up the introduction of the EUR 0.07 fuel excise because the already approved budget cannot be reopened and closed without this tax. Premier Ponta claims that this point of view was sent to President Traian Basescu by the IMF and the European Commission. He added that it is the President’s right to decide whether in these conditions he will again refuse to sign the memorandum with the IMF.
The government wants the IMF Board to approve two evaluations of Romania’s precautionary agreement after President Traian Basescu refused to sign the last memorandum, thus opposing the introduction of the extra EUR 0.07 fuel excise. The memorandum was concluding the evaluation conducted by the IMF at the end of last year.

1 Comment

  1. SteveH says:

    How many people died in the last week because they could not afford proper heating? To Hell with the IMF and its Devil-inspired cronies.

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