02-07-2025
Romania Seeks Austerity Plan to Slash the EU's Widest Budget Gap
Romania is set to present a fiscal package of tax hikes and wage freezes in the public sector to scale back the budget deficit to below 6% of economic output next year, people familiar with the matter said.
The plan includes an increase in the value-added tax, higher excise duties and a freeze on wages and pensions through the end of 2026, according to the people, who spoke on condition of anonymity because the draft project isn't public.
