adevarul.ro/economie/in-ce-conditii-ar-putea-fi-re

Romania aims to reduce its budget deficit to 3% of GDP by 2030, contingent on political consensus and fiscal measures. Economist Valentin Lazea emphasizes the need for a political pact to stabilize salary and pension growth in line with nominal GDP, and to enhance tax collection efficiency. Currently, a significant portion of public spending is financed through loans, with a deficit around 6% of GDP. Lazea suggests that reducing this reliance to 1 in 14 spent from loans is crucial for sustainable public finance. Additionally, improving tax revenue collection, particularly from VAT and profit tax, is essential to achieve the deficit target. He advocates for stronger measures against tax evasion and reforms within the tax administration.