​The government will make two budget revisions this year, one in September and another in November, when it will be clear how much was spent in each ministry, government sources said on Thursday. According to other sources in the government, multinational companies with a turnover of more than 50 million euros pay 16% of income tax, but at least 1% of the turnover will bring about 6 billion lei to the budget.

The tax measures on multinational corporations are likely to come into effect from January 1, 2024, while the abolition of some tax incentives in construction, agriculture and IT will be effective from October 1, 2023, the sources said.

Discussions on the budget deficit target are set to continue in Brussels, most likely on September 1 as part of an official visit by Prime Minister Marcel Čolaku to hold talks with senior European officials, government sources quoted by Agerpres on Thursday said.

By September 1, the ministers of labor, finance and investment and European projects will go on working visits to Brussels.

On August 28, Minister of Labor Simona Bucura-Oprescu will go to Brussels to discuss with EU officials the project of special pensions, as well as the general reform of the pension system, on August 29 – Minister of Finance Marcel Bolosh, to discuss the topic of draft emergency resolutions on administrative reform and fiscal measures, and on August 30, the Minister of European Projects, Adrian Cachiu, to review the PNRR on the announced topics, including the REPower EU chapter.