Romania could do without a loan from the IMF, if we reformed some sectors, including that of tax collection, entrepreneurs believe.
"Romania – in order to succeed in getting better without external support, regardless whether we refer to the European Commission or the International Monetary Fund (IMF) - needs to reform its domestic tax collection system.
As a national priority, if we tried doing better at taxes collecting, if we considered the sectors that need a little lower taxes, so that the better part of a market should be spared of tax evasion, and then bringing it easy –steady to a normal taxation level, then Romania would not need any agreement with the IMF and the European Commission, " entrepreneur Ilan Laufer said Wednesday on the Daily Income show on Antena 3.
Regarding the budget revision for this year, Laufer says there are problems with the army’s allocation.
"Currently, Romania can show why it needs a larger budget deficit, because we have big problems in national security, the Ukraine area and then we would have good arguments to support this," Ilan Laufer said.
The government had yesterday the first meeting with the IMF. Discussions focused on pension expenditure and wages next year but also on the amount of fees and maintaining the flat rate.
The government has promised more action that requires the consent of international partners. Among them is the reduction of the VAT.
Countries with high VAT on food
Denmark - 25%
Romania - 24%
Latvia - 21%
Lithuania - 21%
Source: Eurostat
How Romanians spend their earnings
Food - 41.3%
Taxes - 16.8%
Utility bills - 15.6%
Transportation - 7.3%
Clothing and footwear - 5%
Health - 4.7%
Source: INS
How much Romanian paid back in 2014
IMF - 4.7 billion euros
EU - 150.1 Million
EBRD - 20.5 Million
Source: Income
The information was presented Wednesday on the Daily Income show on Antena 3.