The IMF mission led by Jan Kes Martin arrives in Bucharest on January 29, according to the institution’s press release. Jeff Gottlieb, the IMF’s regional representative for Central, Eastern and Southeastern Europe, said that this mission will end on February 1.
“The Fund’s team will review recent economic and financial developments and update the macroeconomic forecast,” Gottlieb said.
In October, Ian Case Martijn said that many other programs are needed to improve the efficiency of the budget in Romania and revenues in general.
What else did he say in October:
- “Bank and corporate sales taxes place an unfair burden on low-profit companies and can reduce financial intermediation.”
- “The package of fiscal measures is good, but it needs to be improved. The new fiscal package will improve the situation by 2024 in terms of controlling the budget deficit at the level of 3% of GDP. The goal will not be achieved in 2024. Sales taxes will be a burden for some companies.”
- “Other reforms should increase incomes and the degree of honest declaration of incomes. More work needs to be done to eliminate tax loopholes, as well as the property tax law and the transition to a green economy. Otherwise, the results cannot be predicted.”
See also:
Head of the IMF mission in Romania: Many other programs are needed to improve efficiency, revenues in general / 3% GDP deficit will not be achieved in 2024
Source: Hot News
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