“The draft budget for next year does not state tax increases that may affect the base salary. However, we must fill in the revenue-expenses gap in the draft budget for 2014 and we want to eliminate tax exemptions stated in the Fiscal Code to widen the taxable income,” Voinea told daily gandul.
Concerning excise taxes, Voinea said the Government plans to no longer take into account exchange rates on October 1 when computing excises.
Prime Minister Victor Ponta said recently the government will revise down the state budget for 2013 at this year’s second revision scheduled for end-October, as revenues are RON3.8 billion lower than expected, which will trigger fund cuts for most ministries.
Romania’s second budget revision this year will raise the deficit to 2.5% of the gross domestic product, from 2.3% of the GDP as estimated previously.
Romanian authorities and the IMF agreed to revise down forecasts on the country’s GDP for 2013 to 625.5 billion lei (EUR140.7 billion) from RON626.2 billion, due to a lower deflator. (EUR1=RON4.443)