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July 7, 2022
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Economy Finance Politics Romanian News

Romanian President Assures: Taxes Will Not Increase

Romanian President Klaus Johannis claims that taxes won’t grow in 2022 and ensures the population there is not going to be a change in the taxation system.

In the context of the contradictory statements of the leaders of the Governing Coalition and the issue of progressive taxation of the Social Democratic Party (PSD), the Romanian President clarified the topic of taxes, highlighting that the system won’t change overnight.

There are discussions (ed. about raising taxes or progressive tax). And it is easy to understand why these discussions are, given that the state budget must be able to finance all the subsidies that have been decided, for example, in the energy sector. Income is needed, and everyone is looking for extra income.

Klaus Johannis, Romanian President

The President discussed the need for funds to finance energy system subsidies. Still, he does not expect the Governing Coalition to decide on changing the tax system anytime soon.

But Romanians should not live in fear that the tax system will change tomorrow and they will have to pay more.

Klaus Johannis, Romanian President

Johannis also stated that “for the time being, things remain as they are and that the discussions taking place are more on TV than in the Coalition.

Marcel Ciolacu, the Socialist leader, has recently stated that a Coalition discussion on the single quota and progressive taxation is required and meetings with social partners and business representatives are needed. On the other hand, Prime Minister Nicolae Ciuca tempers Socialists’ intention on introducing progressive taxation, arguing that fiscal policy should not be changed after it has gained stability and efficiency over time.

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