economedia.ro/economistul-sef-al-bnr-romania-are-n

Valentin Lazea, chief economist of the National Bank of Romania, emphasizes the need for a political pact to ensure the correlation between nominal GDP, salaries, and pensions over the next four years. He advocates for improved VAT and profit tax collection to reduce the budget deficit below 3% of GDP by 2030. Lazea highlights that Romania currently relies heavily on borrowed funds, with a significant portion of state spending financed through loans. He stresses the importance of aligning salary increases with GDP growth and enhancing tax collection efficiency to address fiscal challenges. Lazea also calls for combating tax evasion and reforming the National Agency for Fiscal Administration.