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154 new news items in the last 24 hours
29 September 20:26

Prime Minister Ilie Bolojan stated that the effects of the increase in VAT and excise duties will be felt in the state's revenues in the months of October-November.

Raluca Ioana Draghici
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Prime Minister Ilie Bolojan explained that the revenues from the increased VAT and excise duties, in effect since August, will be visible in October and November. Although the revenues from July and August were additional, they do not yet reflect the impact of the VAT increase, and the initial estimates were too optimistic. The budget deficit has risen to 4.54% in the first eight months of 2025, highlighting the need to assess fiscal measures in the coming months.

Sources

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Digi24
Ilie Bolojan: Vom vedea în următoarele luni care sunt efectele creșterii TVA și accizelor
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Mediafax
Premierul Bolojan: Octombrie va fi o lună în care vom putea evalua un prim efect al măsurilor

ȘTIRI PE ACELEAȘI SUBIECTE

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Economy
Prime Minister Bolojan discussed the economic measures and the deficit target of 8.4% for this year, emphasizing the importance of the months of November and December.
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Economy
Prime Minister Ilie Bolojan stated that austerity measures are necessary to correct Romania's huge budget deficit, resulting from excessive borrowing.
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Politics
Prime Minister Ilie Bolojan: "If we do not adopt the legislation that will reform the central and local administration in November, we can no longer implement this legislation before the budget."
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Economy
The budget deficit of Romania increased to 103 billion lei in 2025, despite the fiscal measures of the Bolojan Government, raising economic concerns.
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Economy
Prime Minister Ilie Bolojan emphasizes Romania's budget crisis, caused by high interest rates on external loans and inefficient management of public funds.
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Politics
Claudiu Năsui, USR deputy and former Minister of Economy: "The increase in taxes was a fatal mistake of the Bolojan Government. We have higher taxes and lower collections."
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Ilie Bolojan VAT tax increases receipts budget deficit

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