BUSINESS COMPANIES ECONOMY

PM Orban : Gov’t to make corrections to Ordinance No.114. It is a criminal normative act that creates serious problems in all areas of activity

The Government will try to correct Ordinance No.114, Prime Minister Ludovic Orban has stated within a conference at the Bucharest University of Economic Studies on Wednesday, labeling this normative act as a “criminal” one.

He participated in the conference called “Budget and Taxation 2020: From public policy to Business” organised by CursDeGuvernare.ro, with the support of the American Chamber of Commerce in Romania (AmCham) and the Bucharest University of Economic Studies (ASE).

According to Orban, the Government will try to make “corrections to Ordinance No.114, which is a criminal normative act that creates serious problems in all areas of activity.”

He said that the respective corrections “are in progress” and there are two versions. One of the versions, said Orban, is that of creating a majority so that the corrections pass at parliamentary level. “This is the solution which, from my point of view, is the best,” the PM explained. In case it isn’t agreed, “most probably, there will be an assumption of responsibility,” Ludovic Orban added.

“We prefer to establish together with our partners who voted for the Government investiture a common formula to support and pass it through the Deputies’ Chamber,” he pointed out.

In respect to eliminating gas and electricity price ceilings, Orban spoke of a possible “period of transition of six-nine months, one year maximum.”

The Government head added that the amendments to the banking duty will be made “as soon as possible.”

“As soon as possible. These are included in Ordinance No.114 and our goal is to amend Ordinance No.114 by the end of the year,” the PM explained.

In his view, “the great sin” of the previous governances” was the legislative instability of the Fiscal Code,” which placed society “in a state of turmoil, of continuous adaptation.”

“Honesty is needed, truth must be said. (…) The budget was dishonest. The estimation of revenues was a hoax on April Fools’ Day. (…) This inflation of revenues has been especially made so that some expenses be made for which there were no revenues,” Orban argued.

 

According to the PM, the state budget on 2020 will take into account the decrease of deficit below 3 percent. “I set a goal to go below 3 percent on 2020. It is a very ambitious goal, which is very difficult to accomplish,” the Executive head said.

Related posts

Ministry of Labor, meeting with European Commission delegation; among topics approached: migration and EU funds

Nine O' Clock

Trade Register: 30 companies with Syrian capital registered in the first seven months of 2016

Nine O' Clock

Payments rejected by banks decrease slightly in November compared to December, aprox. RON 314 mln

Nine O' Clock

Leave a Comment