“Both the value added tax rate and the social security contributions could be lowered if growth reaches 1.5%-2% this year,” Vosganian told reporters.
He said the government is analyzing a set of measures aimed to stimulate the economy, but so far, the discussions have not moved past a political level.
Romania has increased the VAT rate by five percentage points to 24% in June 2010, as part of a larger austerity pack meant to counter the effects of the recession and reduce the budget deficit.
In late 2012, Prime Minister Victor Ponta said the VAT rate should be gradually lowered to around 20% by 2016.
Romania’s economy is expected to increase by some 1.5% in 2013, after a meager growth of 0.3% in the previous year.