There is no hole in the state budget 20 billion leithe slowdown in revenue collection is 4.7 billion lei compared to schedule, said Adrian Caciu, the finance minister, in Ora Governului.

“If Romania has 25 billion in recoverable debt and tax evasion is estimated at 12%, don’t you think it would be good to increase the collection?” – he said.

According to him, until something similar happens, the state should take measures to consolidate the budget in the expenditure part.

“Give Dumezeu that in the correction the revenues are in line with the budget, and then he can find a package of measures for the population as a supplement,” he said.

See also: EXCLUSIVE Romania’s economy is slowing down / Companies are paying less and less to the budget / Internal documents of the Government

Finance Minister: Romania was entered into excessive deficit procedure with good intentions

“The right-wing government, with good intentions, put Romania into an excessive deficit procedure, which asked for an excessive deficit procedure. There are documents about this, although Europe has suspended this point. The procedure led us to a deficit of 9.4% in 2020, then 7.1% was planned, but we came and managed to make it 6.7%,” said Adrian Cachiu.

“In 2022, we reduced the deficit to 5.7% of GDP. In 2023, we proposed a reduction to 4.4% of GDP.”

“I would advise you to read all pages of the Fiscal Board’s opinion regarding the reservations that the Fiscal Board has regarding the additional revenue expected to be generated from the fight against tax evasion. This is not an overstatement of income. Failure to collect revenues from the fight against tax evasion is equivalent to handing Romania into the hands of tax evaders,” he added.

See also:The Ministry of Finance made a mistake in the 2023 budget. Reduces costs and gives fairness to the Fiscal Board

“And last year, although the deficit was smaller, we had a weaker revenue collection. why They are cyclical. The economy does not always develop linearly. You have to adapt. Last year we made an adjustment of 10 billion. I announced sometime in May.”

• “The adjustment will be made on expenses, taxes will not increase. Money from PNRR will be collected. Reforms will be carried out.”

• “The economy is slowing, but the number of new companies is growing.”

• “This year, even if there is a slowdown, we will have the largest economic growth in Europe. Europe has cooled down.”