Progress Report on Fiscal Policies July 3 - 10, 2017
On July 10, both PM Tudose and PSD's Liviu Dragnea highlighted that no change in taxation would be adopted without public consultations and in the absence of an impact study. On July 3rd, governmental sources informed that PM Tudose asked for simulations regarding the turnover tax and the solidarity tax. According to these sources, the PM is waiting for the simulations to be completed by autumn before reaching a conclusion. The sources mentioned that the turnover tax could be a tax “on everything that means turnover by brackets or based on certain business types”. Two days later, on July 5, PSD leader Liviu Dragnea, said that if there is any reason to believe that “a certain measure aimed at bringing to light possible transfers of profits affected firms that act correctly, then that measure would not be adopted“.
Weekly Policy and Political Report July 4 - 10, 2017
PM Tudose embarks on his first official visit to Brussels on Monday, July 10. The main purpose of PM Tudose’s first official visit is to reestablish EP and EC’s trust in the Romanian Government. In Brussels, PM Tudose is meeting EP President Antonio Tajani, EC President Jean-Claude Juncker, European Council President Donald Tusk, FVP Timmermans and Commissioner Corina Crețu. On the same day, Tudose attended the weekly sitting of the ruling coalition. According to Tudose’s agreement with PSD’s Liviu Dragnea, every Monday the PM is to present to the ruling coalition a weekly report on the Government’s activity, while weekly reports are to be followed by monthly analyses.
Weekly Policy and Political Report June 29 – July 4, 2016
The Parliament entered the summer recess as of July 1st and debates over current draft bills are to be resumed as of September. In the meanwhile, the newly sworn in Government (June 29) has to draft and prepare to submit in Parliament a series of draft bills expected to have a deep social and economic impact in the long run.
Fiscal Policy Report, New Government Program, June 29, 2017
On Thursday, June 29, the Parliament invested the new Cabinet led by Prime Minister
Mihai Tudose (PSD) as well as the new version of the Governing Program. The document was
published in the Official Gazette on the same day.
The new Program comes with a series of major changes as well as postponed deadlines.
According to political sources, the Program was heavily influenced by National Bank of Romania
First Vice-Governor Florin Georgescu (also shortlisted for PM) and Gheorghe Gherghina, member
in BNR's Board of Administration. Some of the measures included in the new Governing Program
were also proposed by Georgescu in 2012. As Minister of Finances in the Victor Ponta Cabinet,
Florin Georgescu proposed eliminating the flat tax, replaced with progressive taxation, as well as
the solidarity tax.
Weekly Policy and Political Report. Developments in the appointment of proposed Prime Minister Mihai Tudose. June 27, 2017
On Monday evening, President Klaus Iohannis accepted PSD's proposal for the position of Prime Minister, former Minister of Economy in the Government led by Sorin Grindeanu, Mihai Tudose. The announcement was made on Monday, June 26, at the end of the consultation session held with parliamentary parties, and the decree by which Iohannis accepted the proposal was published in the Official Gazette the next day, on Jun 27. President's speech focused on Romania's need for political stability, the main argument behind Iohannis accepting PSD's proposal.
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