The Coalition for the Development of Romania (CDR) once again draws attention to the need for a predictable economic and fiscal climate in Romania. “Despite the alarming signals sent by the business environment in recent years, we are now in a dangerous situation with an excessive deficit, on the verge of losing significant sums of European funds in the absence of sustainable measures,” coalition representatives said, according to News.ro.

“Arbitrary measures taken in a short time are one of the reasons for the current crisis. As the latest analysis shows, more than 550 changes were made in the seven and a half years after the adoption of the new Fiscal Code, with less than half of the initial paragraphs remaining unchanged, which negatively affected budget revenues. Such an approach is obviously the opposite of predictability and efficiency. That is why the Coalition for the Development of Romania emphasizes once again the need for predictability and efficiency of the state apparatus,” said the press release of the Coalition for the Development of Romania on Wednesday evening.

Its signatories demand “a serious and lasting commitment from all parties, starting with those in the government, to restore Romania.”

“We demand to abandon the practice of periodic, arbitrary tax changes, adopted in the last hundreds of meters and without an impact study, but which immediately and in most cases negatively affect the activities of companies, tax collection and budget revenues,” CDR also sent.

Three key points on which, in his opinion, political consensus is necessary:

• The effectiveness of public spending in the medium and long term.
• Close monitoring of the directions taken by Romania through the PNRR and the implementation of all related reforms.
• A return to a simplified and predictable taxation system, which has proven its advantages, based on a single tax rate for both individuals and legal entities, the abolition of all benefits that currently weaken the tax base, and the limitation of social contributions.

“CDR considers these measures necessary not only for fiscal and budgetary stability, but also for increasing social cohesion, assuming common goals and ensuring a fiscal climate that eliminates privileges and lays the foundations for a unitary economic structure,” the Coalition also conveyed.

CDR is an alliance of organizations whose members account for more than 50% of Romania’s GDP and which, by pooling resources, strives to achieve the maximum potential to make Romania economically attractive and improve the quality of life.

CDR unites representatives of Romanian and foreign investors in Romania. (photo: Lovelyday12 | Dreamstime.com)