Ioana Petrescu also said that the reduction of other taxes is not ruled out to help create jobs and ensure an economic growth of about 3% this year.
Moreover, the Finance Minister said that the Government will reduce social contributions by five percentage points, the VAT on certain foods and when it can, the government will introduce a lower threshold of tax for those with low incomes.
"Better tax collection is needed, either a reduction of expenses or a spending freeze, because we are determined to follow a prudent fiscal policy," Ioana Petrescu said, in her first interview with the international media since taking office with the Ministry of Finance.
Ioana Petrescu added that talks are being held with the IMF regarding the review of royalty fees being paid by the companies exploiting natural resources.
"We have had a series of long talks with IMF officials and we will have further discussions on this topic. We must take care because most investment in this area are very risky in the beginning so that if we charge too much they could simply abandon them", she said.
"I am optimistic that this year we will have economic growth, perhaps around three percent, and I think it can be supported by growth-friendly fiscal policies. We intend to eliminate provisions related to tax on reinvested profit and hopefully it will lead to stimulating investments ", added Ioana Petrescu.
She added that it is possible that the measure be introduced in July, which means it would have a limited impact on the budget of around 20-30 million USD.
Under the agreement with the International Monetary Fund, the Government adopted several economic reforms and measures to reduce the deficit.
This year, Romania seeks a deficit of 2.2% of GDP compared to a target of 2.5% in 2013.
Reuters notes that the economic growth forecast for this year made by the Minister of Finance that of 3% is higher than the IMF forecasts of 2.2%.
In addition, Ioana Petrescu forecasts that inflation will accelerate this year, given that, at present, it is at a record low of 1.1%.