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Changing taxes, without other fiscal consolidation measures, risks not solving the budget problem, but creating other imbalances

Copyright © Daniel Anghel - PricewaterhouseCoopers

Changing taxes, without other fiscal consolidation measures, risks not solving the budget problem, but creating other imbalances

PRICEWATERHOUSECOOPERS SERVICII SRL

24 Jul 2023

Daniel Anghel, Partner, Leader of tax and legal services PwC Romania

The modification of the tax system, a subject that has recently gained momentum in the public space, is inevitable against the background of an increasingly likely exceeding of the budget deficit target for this year, a situation that could lead to the loss of some European funds and to the increase in the cost of borrowing for the state.

For more information, please see the Romanian version of the article, here.

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PRICEWATERHOUSECOOPERS SERVICII SRL

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Tags : Changing taxes , fiscal consolidation measures , budget , budget deficit target , European funds , cost of borrowing for the state

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