The President of the Fiscal Council stated that Romania is facing a political crisis that could have been avoided if special attention had been given to the serious macroeconomic situation. He emphasizes the importance of the rapid formation of the new government to continue fiscal-budgetary consolidation, considering the increased inflation and recession risks. Dăianu draws attention to the budget deficit, which has significantly increased due to reckless fiscal policies and permanent spending.
He mentions that Romania has very low tax revenues compared to the EU average and that a fiscal correction is essential to stabilize the economy. Additionally, Dăianu highlights the need to improve tax revenue collection and reform ANAF to combat tax evasion. In conclusion, he states that Romania must continue fiscal consolidation and reach a deficit of 3% of GDP to have adequate fiscal space.
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