IMF Finds Romania Needs Tax Policy Reforms to Restore Soundness of Government Finances

The IMF has announced the conclusion of a visit to Romania including the following suggested tax policy reforms to restore the soundness of government finances.

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Policy Priorities

• Effective fiscal consolidation is needed to restore the soundness of government finances. Fiscal deficits—projected at 6 percent or more—will need to fall below 3 percent of GDP over the medium term to stabilize public debt, secure affordable market financing, and support ongoing disbursement of EU funds. L…