Marcel Bolosh, the proposed finance minister, says one of his goals is for the state to lend to the state on the Japanese model.

“The Japanese model caught my attention. This is a country with 300% debt. However, the majority of deficit financing and debt refinancing is done through domestic borrowing. The population was encouraged to intervene and finance the budget deficit. To what extent we can have such a model of public debt financing is debatable,” he said.

He also stated that his primary task after he headed the institution is the predictability of the tax system.

“We are not talking about the introduction of new fees and taxes,” he said during the meetings of the joint budget and finance committees in the parliament.

• “Any change in the tax system, especially the revenue policy, should be announced early because Romania has an extraordinary advantage that it has earned: an attractive tax system for investors.”

According to him, this is reflected in the volume of foreign investments.

“Predictability is an important component along with effective use of the facilitator and tax deductions. They should be well analyzed in order to get the best fiscal policy and ensure long-term sustainability of finances,” he said.

Another goal, according to him, is fiscal and budgetary consolidation: the sustainability of finances, talking about careful monitoring of the evolution of the deficit along with the improvement of debt collection, better methods of combating tax evasion, elimination of budget waste.

The operationalization of the Romanian Development Bank is another mentioned goal, “so that Romania can manage the financial part of public investments, as well as the guarantee part.”