Romanian PM says no major change in fiscal policies this year

Romanian PM Victor Ponta said on February 27 that there would no abrupt change in his government’s fiscal policies this year, rejecting speculations he may seek to introduce an incremental income tax after the liberals withdrew two days ago from the ruling coalition.

“We do not want to change the fiscal system this year, there no tax increase beyond the 16 per cent,” Ponta said.

His comments came after the Romanian government hinted it wants to introduce a progressive tax rate of eight, 12 and 16 per cent instead of the current 16 per cent flat tax, according to the governmental fiscal strategy 2014-2016 published two weeks ago on the website of the Finance Ministry.

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