Marcel Boloş, MF: "We will adjust these measures, if necessary"

The Minister of Finance, Marcel Boloş, declared, yesterday, quoted by Agerpres, that, after it will be seen what is the budgetary impact of the announced fiscal measures, "depending on how the part of Romania's financial sustainability will evolve", it could still be adjust these measures, if necessary.

Asked what would be the revenues that could result in total in 2024 following the application of all the measures, Boloş said: "If we also take into account the expenditure reduction part, as it now looks in this form, if we also take into account the part of tax evasion, there are 22 billion lei".

Asked if these revenues would be far below initial estimates, the minister explained that this was to be expected, as "an approach was tried to protect the population and the business environment".

Marcel Boloş added: "It was to be expected, since we still abandoned these measures and tried to have an approach that would protect the population and the business environment, we are trying at this stage to see the budgetary impact of the measures that - we displayed and, of course, these being agreed in the coalition, depending on how Romania's financial sustainability part evolves, we will adjust these measures, if necessary".

He also referred to the possibility of taking other measures by the Government: "I said that if we have a proper collection and we have a responsible spending of money, it is possible to either keep the budget deficit under control and it can be seen that we have entered an area of sustainability and stability for the budget deficit, or we will see at that time what types of measures we will be able to take, but it is premature to pronounce. (...) One thing is very certain, is that we must be very realistic with these measures that we adopt, which we said are the ones that protect the population and the business environment, in relation to the problem we have of budget deficit and in this context we are discussing what the long-term financial sustainability of Romania means".

According to Minister Marcel Boloş, there is no risk that Romania will exceed a deficit of 5.5% of GDP.