It also said the measures ought to boost public investments, endorse private investments, increase the volume of public acquisitions and help properly absorb European Union funds.
According to Romania’s general consolidated budget, In January-July 2017, staff spending rose 20.3%, current spending grew by 13.4%, social spending rose 10.7% and other expenses surge 35%. Revenues to the consolidate budget declines: profit tax (- 4.4%), value-added tax collections (-4.6%), excise duty collections (-5.8%), amounts received from the EU for payments already operated and pre-funding (-76.6%), amounts cashed to the single account (state budget) (-191.1%), other amounts received from the EU for the operational programs funded within the convergence objective (-291.6%).
CNIPMMR also said on Monday the planned increase in excise duties on gasoline and diesel gas will have a direct impact on SMEs and will affect their competitiveness on international markets.
The Romanian Government passed a decree amending the Tax Code and gradually increasing excise duties on fuel in two stages, by RON0.16 per liter, as of September 15, by RON0.16 per liter as of October 1, 2017.