Romania’s government to decree tax hikes and spending cuts to reduce deficit

Romania's new government hikes taxes, caps public sector wages and pensions

The prospect of presidential and parliamentary elections in Romania in November and December had triggered a spending surge that was expected to push the 2024 budget deficit to 8.6% of GDP. The post Romania’s new government hikes taxes, caps public sector wages and pensions appeared first on Euractiv.

Romania's new economic plan hikes taxes in a bid to slash deficit

Romania’s new coalition government approves a new economic plan aimed at keeping government budget deficits under control for the upcoming 2025 fiscal year.

ThePatriotLight - Romania's government to decree tax hikes and spending cuts to reduce deficit

ThePatriotLight - Romania's new coalition government will make a series of tax hikes and caps on public sector wages and pensions via emergency decree on Monday, in a move to lower the EU's largest budget deficit as a percentage of gross domestic product.Romania's government to decree tax hikes and spending cuts to reduce deficit

Romania’s government to decree tax hikes and spending cuts to reduce deficit

Romania’s new coalition government will make a series of tax hikes and caps on public sector wages and pensions via emergency decree on Monday, in a move to lower the EU’s largest budget deficit as a percentage of gross domestic product.

The measures proposed in the new draft ordinance regarding some fiscal-budgetary measures in the field of public expenditures to substantiate the general consolidated budget for 2025 would, according to the Executive, have an impact on the general consolidated budget both in the short and long term, with the initiators' assessments indicating that, for the next four years, budgetary revenues would increase, on average, by amounts between seven a…

Romania's government to decree tax hikes and spending cuts to reduce deficit

Romania’s new coalition government will make a series of tax hikes and caps on public sector wages and pensions via emergency decree on Monday, in a move to lower the EU’s largest budget deficit as a percentage of gross domestic product.