The current strategy of the Ministry of Finance in Bucharest is to impose monthly and quarterly limits on public institutions’ spending, so as to respect the 7% budget deficit target. The clarification was made by the relevant minister, T\u00e1nczos Barna, during a TVR Info show, in which he explained that it is a difficult but necessary task. The minister acknowledged that there is pressure from institutions to allocate more financial resources, but insisted that maintaining a budget balance is essential. In this context, he sent a clear message, thus eliminating speculation regarding the introduction of new taxes or additional fees in Romania: “If we maintain this trend, we have every chance of not needing any other plan for new taxes. No, not at all,” says the minister.<\/p>\n
T\u00e1nczos Barna also said that February was an \u201cacceptable\u201d month in terms of state revenues, but it is essential that this trend is maintained throughout the year. \u201cThe road is long, we still have 10 months ahead of us, but if we maintain this trend, we have every chance of not needing additional fiscal measures,\u201d he added.<\/p>\n
T\u00e1nczos Barna has recently discussed with representatives from the financial, industrial, health-care, construction, circular economy and environment and automotive sectors about the most important elements for ensuring macroeconomic balance, strengthening resilience and increasing competitiveness. On this occasion, he stated that the regulations on the \u201cpole tax\u201d, imposed on special constructions, will be published in the last week of March. The process of developing the norms of application is already underway, and by the end of the month, each economic sector will be invited to discussions, says the minister.<\/p>\n
The steps are in line with the Ordinance on fiscal-budgetary measures adopted at the end of last year, which also includes the so-called \u201cpole tax\u201d, namely the calculation of a 1% tax on the value of special constructions existing in the taxpayers\u2019 patrimony, with the exception of buildings for which tax on building is already paid. The new tax also includes buildings in industrial, scientific and technological parks, which, according to the law, do not benefit from the exemption from paying tax on buildings. \u201cI understand the concern of some companies, but most companies already pay taxes for buildings, production halls and other assets that generate business. It is normal that those special constructions, which are actual assets of the business, should also be taken into account\u201d, the minister believes. It is estimated that, although some companies may try to transfer the costs of the new tax to consumers, the impact will not be significant compared to that of a VAT increase. (MI)<\/p>\n","protected":false},"excerpt":{"rendered":"
The current strategy of the Ministry of Finance in Bucharest is to impose monthly and quarterly limits on public institutions’ spending, so as to respect the 7% budget deficit target. The clarification was made by the relevant minister, T\u00e1nczos Barna, during a TVR Info show, in which he explained that it is a difficult but […]<\/p>\n","protected":false},"author":108,"featured_media":841904,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[],"coauthors":[113249],"class_list":["post-870527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news"],"acf":[],"yoast_head":"\n