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Bucharest
October 28, 2020
BUSINESS

Ialomitianu: Gov’t not considering any plan to reduce VAT

The minister of Public Finance, Gheorghe Ialomitianu, stated, yesterday, that the Executive was not looking into any plan of reducing the value added tax (VAT), Mediafax reports.

The statement came in response to an announcement made, on Tuesday, by a director within the National Housing Agency (ANL), arguing that the Government was analyzing the option of reducing VAT on construction materials.
Ialomitianu argued, however, that the Cabinet was analyzing the reduction of social contributions.
“We are looking into the reduction of social contributions, but we are conducting a very close analysis as we need financial stability in order to take this measure. We’ve ensured this fiscal consolidation and we would not want to revert to a large deficit,” the Finance Minister added.

When asked to comment on the public sector wages, Ialomitianu stated that there was the financial perspective for their reverting to last summer’s, pre-cut, levels, in 2012.

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