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The Romanian government is preparing new measures to limit budgetary spending

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Bucharest

The Romanian government is preparing new measures to limit budgetary spending

The Romanian government is preparing new measures to limit budgetary spending through an emergency ordinance titled the “Budgetary Austerity Ordinance,” which is set to be adopted in Wednesday’s meeting

The primary goal of these measures is to stop the waste of public funds and optimize budgetary resource utilization.

Key measures include:

  1. 3% Discount for Taxpayers: Taxpayers who fully pay their taxes and fees on time will benefit from a 3% discount. This applies to annual profit tax and microenterprise income tax.
  2. Cancellation of Penalties and Interest: Debtors who waive the effects of administrative tax suspension can benefit from the cancellation of interest and penalties. Interest and penalties for outstanding budgetary obligations will be reduced by 85%, provided specific conditions are met.
  3. Limiting Budgetary Expenditures: Starting from September 1, 2024, budget managers will be restricted from opening monthly budget credits exceeding 20% of the average monthly expenditure for the first eight months of the year. There will also be restrictions on expenditures for goods and services and on legal commitments for investments.
  4. Suspension of Public Funding for Community Events: Public funding for community events will be suspended, except for official holidays and year-end celebrations.
  5. Transfer of Unused Funds: Beginning October 1, 2024, unused funds from the state budget will be transferred to the Budgetary Reserve Fund upon request by the Ministry of Finance.
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These measures aim to reduce public spending and optimize the management of the state’s financial resources.


OM... Cu aripi fragile de fluture

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