US EditionRomania’s Government Survives No-Confidence Vote Over Austerity
ROMANIA, JUL 14 – The coalition aims to reduce Romania's budget deficit from 9.3% to around 8% by year-end while facing opposition and public sector protests, officials said.
- In Bucharest on Monday, the Romanian coalition under Prime Minister Ilie Bolojan withstood a parliamentary no-confidence motion, allowing the government to continue its agenda.
- The vote took place after the government introduced a disputed set of financial measures aimed at tackling Romania's significant budget shortfall, which sparked protests and drew criticism from opposition parties.
- The package includes VAT hikes from 19% to 21%, replacing reduced rates with a single 11% rate, alongside excise and levy increases set to start in August.
- The motion filed by the far-right opposition gained 134 votes, short of the 233 needed, as Bolojan said the measures were necessary to stabilize public finances.
- The government's survival clears the way for the fiscal measures to be enacted amid warnings of economic risk and further court challenges from the opposition.
15 Articles
15 Articles
New Romanian Government Defends Tax Rise Plan, Survives No-Confidence Vote
Romania’s three-week-old government survived a no-confidence vote on Monday, allowing it to push through tax hikes, in an effort to lower the nation’s budget deficit. Prime Minister Ilie Bolojan’s coalition has fast-tracked an increase in value-added tax (VAT)—akin to U.S. sales tax—excise duties, and other levies through parliament to take effect in August. The move aims to prevent a ratings downgrade to below investment level and to unblock ac…
The motion was initiated by the far-right AUR, among others, over the government's planned deficit-reduction measures. Prime Minister Ilie Bolojan said the motion was an "empty farce."
The Straits Times
UpstractRomanian government survives no confidence vote and pushes tax hikes through
BUCHAREST - Romanian Prime Minister Ilie Bolojan's three-week old coalition government survived a no confidence vote on Monday, allowing it to push through unpopular tax hikes needed to lower the European Union's largest budget deficit. Read more at straitstimes.com.
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