Pensions need to be reformed because 80% of the revenue we have goes to support public administration and salaries, said Aline Chitu, Secretary of State for the Ministry of Finance.

“In our PNRR (when it was written ‘no’) we had 27% tax revenue compared to the European average of 40%. So we are the last country, apart from Ireland, which has a different economic model,” he told the EY conference in Romania.

According to him, if we do not meet the deficit target, if we are not on the deficit calendar, European and PNRR funds can be blocked by the Commission at any time.

“The arithmetic is so simple that if we don’t support the fiscal consolidation goals, we don’t get any more money. They can be blocked, partially blocked or cancelled. It depends on how unruly we are. That was the situation,” Chitu said.

• It is very hard to believe that anyone, as the elections are approaching, can honestly and honestly say that it is still possible to lower taxes in Romania. Even this level that we have, if we manage to keep it at 30%, it is a favorable result.

• We will no longer reduce taxes in Romania if we want to be consistent and solvent.

“Interest rates have increased. Compared to the surrounding countries, with the exception of Hungary, we are not doing very well. Because we have these structural deficits,” said Alin Chitu.