The Ministry of Finance, headed by Marcel Bolosh, warns in a positive assessment of the pension law, which is to be adopted by the government on Thursday, that “the additional impact caused by the entry into force of the new pension law, the inclusion in the Trajectory of the adjustment of the budget deficit is still not possible, as additional measures are needed to increase revenues , respectively, increasing taxation of the business environment and the population.”

Expenditure limits for 2024, which the Government proposes to approve, do not take into account the additional effect of the application of the new pension law, since, according to the Ministry of Finance, it has not been adopted.

• “Taking into account the additional impact of the entry into force of the new pension law, it is no longer possible to fit into the budget deficit correction trajectory, as additional measures are needed to increase revenues, respectively, to increase taxation of the business environment and the population, which will cause a budget impact of at least 33 billion lei, respectively minimum budget impact of 1.8% of GDP starting in 2025.
• Also, starting from 2024, the consequence of not being included in the budget deficit correction trajectory leads to the risk of suspension of funds, which is already impossible to avoid, and in accordance with the provisions of Art. 10 of Regulation 241/2020 regarding the recovery and stability mechanism and Art. 19 of Regulation 1060/2021 on cohesion policy, the Commission proposes to the Council to fully or partially suspend the implementation of commitments if it finds that a Member State has not taken effective measures to correct an excessive budget deficit.”, This is stated in the conclusion of the Ministry of Finance, which was contacted by HotNews.ro.

It is updated