Antena 3 CNN Romania Băsescu calls on the Parliament to reject the excise: The Budgetary and fiscal policy generated by the Ponta Government and endorsed by the IMF is wrong

Băsescu calls on the Parliament to reject the excise: The Budgetary and fiscal policy generated by the Ponta Government and endorsed by the IMF is wrong

Băsescu calls on the Parliament to reject the excise: The Budgetary and fiscal policy generated by the Ponta Government and endorsed by the IMF is wrong
02 Apr 2014   •   10:24

President Traian Basescu has said Tuesday at the Cotroceni Palace, that he is drafting a letter that will explain why lawmakers should reject the Government Ordinance to approve the excise duty on fuel, showing that the Government’s fiscal policy is wrong and should be "immediately adjusted ".

The most important statements of president Băsescu:

‘I believe we have a new opportunity to question the enforcement of the excise duty on fuel, because today the Government Emergency Ordinance has not been approved, but has been referred back to the budget commission’

‘on these grounds I am currently drafting a letter that will be sent to Parliament whereby I am explaining why the emergency ordinance should be rejected in parliament’

‘the excise is a crime against the economy. It goes against the interest of the Romanian economy’

I am stating with the responsibility of a president: the fiscal budgetary policy generated by the Ponta Government and accepted by the IMF is wrong and it should be immediately adjusted’
‘I know this country very well, I know how economy and people react, I know how companies generally react’

’35 new taxes have been introduced targeting in particular local administrations, agriculture, the famous tax on infrastructure and as of today the supplementary excise on fuel’

‘It is a great burden for the economy and implicitly, for the citizens. Unfortunately, the results are not according to expectations either’

‘we are getting ready for a major failure in the budgetary execution’

‘I am arguing that the fiscal budgetary police forecast by the Government and endorsed by the IMF is wrong and we risk to have imbalances of the macro balances over the next few months or to create all the premises for this to occur’

we have been through this in 2009 and 2010 and we should not head on with the new fiscal budgetary policy launched by the government and approved by the IMF. I am sorry, IMF has always been our partner, but this time they are wrong.’

‘You cannot have an increase of 17 billion in revenue from year to year, even though this myriad of taxes”.

‘I am coming back to inform you that setting off from this analysis and the chance that today the law to approve the emergency ordinance to raise excise on fuel did not pass, I will sent the Parliament a letter whereby I am asking them not to approve the emergency ordinance, to go back to the previous fuel prices and that the parliament should propose the Government to move on to expenditures adjustment’

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