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Increasing VAT collection, the viable option for increasing budget revenues. How much did the collection gap reach?

Increasing VAT collection, the viable option for increasing budget revenues. How much did the collection gap reach?

Opinion material by Vlad Boeriu, Fiscal and Legal Services Coordinating Partner, Deloitte Romania

Restoring the budget balance by reducing the deficit to a sustainable level must be a concern for decision makers throughout the Romanian economy, as debt financing becomes increasingly expensive and, with the dissipation of the effects of the COVID-19 pandemic, the tolerance of investors and international organizations towards countries with high deficits will decrease.


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

 

 

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DELOITTE CONSULTANTA SRL