News.ro<\/a>, referencing analyses conducted by the Fiscal Council and his own judgment.\u00a0<\/p>\n\u201cI believe that we cannot avoid increasing the state’s fiscal revenues through some increases in taxes and duties. These are personal opinions,\u201d he added.<\/p>\n
Romania recorded a 2.95% deficit-to-GDP ratio in the first four months of 2025, with full-year projections expected to reach 7% or higher. D\u0103ianu argued that the structural imbalance in Romania\u2019s public finances cannot be resolved without tax reform.<\/p>\n
\u00a0\u201cA substantial increase in tax revenues, from much better collection, is not possible,\u201d he said, adding that only new tax measures can close the fiscal gap.<\/p>\n
He also rejected the idea, floated by some political leaders, that savings of RON 30 billion could be made through spending cuts alone.\u00a0<\/p>\n
\u201cI don\u2019t believe that,\u201d he said. \u201cIf you look at the structure of the public budget, you will notice that by far, the bulk is held by salaries and pensions. First of all, you can\u2019t cut salaries and pensions as you want.\u201d<\/p>\n
While D\u0103ianu acknowledged that there may be some room to reduce expenditures on goods and services, he stressed that such cuts would be insufficient.\u00a0<\/p>\n
\u201cRomanian society has been living on the budget far beyond its means,\u201d he said, cautioning that the fiscal burden does not fall solely on civil servants but also on essential public sector workers like teachers and doctors.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n(Photo source: Inquam Photos\/George Calin)<\/em><\/p>","protected":false},"excerpt":{"rendered":"Daniel D\u0103ianu, president of Romania\u2019s Fiscal Council, warned that reducing the country\u2019s high budget deficit cannot be achieved solely through expenditure cuts, insisting that increased tax revenues and higher tax rates are unavoidable. Speaking in Parliament on May 27, he described the deficit as “gangrene” for the Romanian economy and said relying on spending cuts […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5202","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/5202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5202"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/5202\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}