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Bucharest
October 21, 2020
BUSINESS

Possibility of lowering flat tax or contributions, discussed with IMF

The Democrat Liberal Party (PDL) will discuss this week with the IMF and European Commission representatives a set of economic stimulus measures, with the lowering of the flat tax or of social contributions being taken into consideration, Adriean Videanu, First Vice-President of PDL, stated yesterday during a show for PRO TV. The former Economy Minister brought the fact that Romania’s level of fiscal facilities stands at only 0.2 per cent of GDP, while the EU average stands at 1.5 per cent of GDP, as an argument in favor of the proposed measures. In what concerns the future agreement with the IMF, Adriean Videanu avoided making any statements about the amount. At the same time he pointed out that the payment of pensions can be guaranteed through the austerity measures taken by the government. Videanu also claimed that the probable hike in the prices of natural gas and heating will not be strongly felt by Romanian families. “Even if they are hiked by 5-6 per cent, do you know what that means per family? RON 2 more for natural gas consumption and somewhere around RON 5.7 more for heating. That will be the difference if the prices grow,” Videanu pointed out. Likewise, Videanu claims that if PDL’s economic stimulus programme is applied then in 2011 Romania will report an economic growth of 3 per cent and 30,000 new jobs.

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