“If the access to this scheme is limited to people with an income of up to 1,600 lei (EUR358), then this is a first step toward differentiated taxation,” Isarescu told a news brief.
Although commercial banks have no reasons to reschedule loans that are not overdue, they could choose to unload some of the burden that weighs on the debtors who have difficulties in making their payments, the central bank’s head said.
The government on Monday announced a new package of fiscal measures aimed to support domestic consumption.
Under the government-backed scheme, borrowers with low and medium income (of up to RON1.600 a month), can benefit from lower monthly loan rates for a period of up to two years. However, the debtors must not have unpaid rates for more than 90 days.
Around 1 million bank debtors are expected to be able to reschedule their loans under the scheme, according to government’s estimates.