“It will be stricter in the sense of how we approach the budget philosophy. Any amount which is requested will need to be extensively justified, to prove clearly that the money will also be spent. Otherwise, for example, you anticipate certain investment and make a macroeconomic calculation, but then during the year you see at the first, the second budget revision that the amounts have not been spent,” the minister said on Tuesday.
Teodorovici added that there are still talks on whether the budget will include a VAT rate cut to 18% and a repeal of the equity tax starting with next year.
He also confirmed the state budget bill will include a 15% hike of the pension point starting with September 2019, with an expected budget impact for the year of RON8.4 billion.