{"id":225646,"date":"2025-06-30T03:47:09","date_gmt":"2025-06-30T03:47:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/225646\/"},"modified":"2025-06-30T03:47:09","modified_gmt":"2025-06-30T03:47:09","slug":"romania-risks-public-blowback-over-push-to-slash-eus-highest-deficit-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/225646\/","title":{"rendered":"Romania risks public blowback over push to slash EU\u2019s highest deficit \u2013 POLITICO"},"content":{"rendered":"<p>Expert Forum\u2019s Nu\u021bu said austerity measures would be \u201cterribly unpopular\u201d if the government doesn\u2019t reduce unnecessary public expenditures such as high pensions for former civil servants. \u201cPeople will be very angry and we will continue to see, in the next elections, that they will blow everyone away,\u201d she said, predicting a potential further rise in hard-right populism.\u00a0<\/p>\n<p>Nu\u021bu and D\u0103ianu pointed to efforts to collect more VAT as one area that could bring significant gains in reducing the deficit.\u00a0<\/p>\n<p>The gap between total potential VAT revenues and what the Romanian tax authorities collected in 2022 was \u20ac8.5 billion \u2014 or more than 30 percent of the total that could be collected, according to <a href=\"https:\/\/taxation-customs.ec.europa.eu\/taxation\/vat\/fight-against-vat-fraud\/vat-gap_en#paragraph_1536\" target=\"_blank\" rel=\"noopener\">the latest Commission data<\/a>.<\/p>\n<p>\u201cThere will be a forceful intervention in this area,\u201d said Victor Negrescu, a Social Democrat member of the European Parliament.\u00a0<\/p>\n<p>Romania\u2019s tax authority needs to digitize to target evasion, he said, adding many people run unregistered economic activities and don&#8217;t pay the taxes due.<\/p>\n<p>President Nicu\u0219or Dan <a href=\"https:\/\/www.presidency.ro\/ro\/media\/sedinta-consiliului-suprem-de-aparare-a-tarii1751010086\" target=\"_blank\" rel=\"noopener\">plans to discuss tax evasion<\/a> as a threat to national security with Romania\u2019s top national security officials at a meeting on Monday.<\/p>\n<p>The Fiscal Council\u2019s D\u0103ianu said the new government still had to produce an impact assessment of most of the measures it is considering. But in a positive scenario, these could pull Romania\u2019s budget deficit under 8 percent of GDP by the year\u2019s end, he predicted.<\/p>\n<p>\u201cThe numbers are still approximate, but I believe Romania will avoid a downgrade,\u201d D\u0103ianu said.<\/p>\n","protected":false},"excerpt":{"rendered":"Expert Forum\u2019s Nu\u021bu said austerity measures would be \u201cterribly unpopular\u201d if the government doesn\u2019t reduce unnecessary public expenditures&hellip;\n","protected":false},"author":2,"featured_media":225647,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[11850,3420,1194,2825,1396,33,2000,299,5187,1214,474,475,1197,25809,5769,11665,36829,617,6565,11666,1438,1199,84490,1200,9892,88978],"class_list":{"0":"post-225646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-austerity","9":"tag-bonds","10":"tag-budget","11":"tag-debt","12":"tag-dumping-duties","13":"tag-elections","14":"tag-eu","15":"tag-europe","16":"tag-european","17":"tag-exports","18":"tag-finance","19":"tag-imports","20":"tag-investment","21":"tag-mayors","22":"tag-medicines","23":"tag-meps","24":"tag-nicusor-dan","25":"tag-pensions","26":"tag-populism","27":"tag-produce","28":"tag-romania","29":"tag-services","30":"tag-siegfried-muresan","31":"tag-tax","32":"tag-vat","33":"tag-victor-negrescu"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114770271166760555","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/225646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=225646"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/225646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/225647"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=225646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=225646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=225646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}