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August 12, 2022

Videanu: Flat tax could be lowered in 2011

Former Economy Minister Adriean Videanu believes that the flat tax could be lowered next March in order for the economy to recover and for PDL to regain its credibility. In an interview for ‘Romania Libera’ daily Videanu pointed out that he did not leave the Ministry in February-March because the important decisions taken along with the IMF were up next. “I would have been labeled a coward leaving the boat immediately after it takes on a little water,” Videanu said. He underlined that it is necessary to regain the party’s credibility through economic recovery measures. According to him, a new agreement with the IMF would be a positive thing because it would ensure cheap and non-inflationary financing. Likewise, Videanu added that one of the elements meant to stimulate economic relaunch is represented by the set of fiscal-budgetary policies. “I wouldn’t want to focus on a single tax now. Simplifying the fiscal system is the most important problem: we have eliminated or merged around 180 taxes and fees in 2009 and there’s still room for more,” Adriean Videanu stated. He pointed out that economic recovery means a growth higher than 2 per cent that would encourage investors, that is why courageous decisions that would ensure growth rhythms higher than those reported in Europe have to be taken. Nevertheless, according to him the flat tax is not the only solution. “Fiscal policies have to be pondered as a whole and those solutions that can quickly produce effects have to be found,” he underlined. In what concerns the mistakes done by PDL since it came to power, Videanu pointed out that the public expenditures restructuring process should have been done in six months’ time, not in one year and a half.

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