Secretary of State in the Ministry of Finance, Alin Andrieș: Friday cannot discuss the Fiscal Measures Plan on EcoFin
The Fiscal Measures Plan can only be presented to the European Commission in the context in which it is legislated and, therefore, at the Ecofin meeting, such a plan will not be discussed, said the Secretary of State in the Ministry of Finance, Alin Andrieș, specifying that, on Friday, the Commission could publish a new recommendation of fiscal trajectory for Romania.
Andrieș says that everything is discussed on measures adopted. Photo Facebook MF
“At the EcoFin of tomorrow, there is a point in which there is analyzed the implementation of the economic governance framework and, in particular, the recommendations of the Council are analyzed or addressed in the context of the excessive deficit procedure. And here, in the case of Romania, as you know, on June 4, a decision was published as a proposal that The excessive budget deficit is the situation. He explained, at Digi 24, Alin Andrieș quoted by Agerpres.
The Secretary of State explained that everything is discussed on measures adopted, because discussed measures or possible measures there is a multitude:
“But what is very important to fit in the net expense targets we have established both within the National Structural Plan, As well as later, we must have effective measures, as we have adopted the measures in December 2024 and then they were transmitted and are reflected by the European Commission in the June 2025 recommendation, on June 4, in which those are taken, but are considered not to be sufficient.”.
“We are waiting for the next recommendation”
Alin Andrieș specified that, according to the letter and recommendation on June 4, the European Commission emphasizes that the Romanian authorities, in the structural plan, assumed that until April 1 they will take the necessary measures to classify net expenses and to be on that trajectory proposed and approved by fiscal consolidation.
“And we did not adopt those measures in the first quarter, after which we have not yet adopted the set of measures regarding the increase of the income or the reduction of the expenses, so that it is considered by the enough European Commission to be able to fall into the initial trajectory. That is why the Commission has achieved this, to say, proposal, recommendation, and which is a first step, because in the next stage the European Commission will propose a new recommendation of fiscal trajectory for Romania and it is expected that the publication of this recommendation will be tomorrow, on June 20, and subsequently, in the absence of measures, the activation of the macro conditionalities. But we are waiting for the next recommendation of the following days, which will be discussed at Ecofin, at the meeting on July 8. (…) From knowledge and discussions will be recommendations for a new trajectory, but to see how it will be. Tomorrow the recommendation, the recommendation draft will be published, because, given that we did not take the necessary measures until April, the European Commission considers that we must adjust the net expenses for 2025 so that we remain on that trajectory to lead us to a consolidation of the deficit by 2030. “said the Secretary of State in the MF.
“It is necessary to adopt the measures as soon as possible.”
Andrieș says that it is important that until the next meeting of the Economic and Financial Affairs Council, a set of measures will be adopted to be considered by the European Commission in the analysis of the new recommendation.
“The next EcoFin will be on July 8, but of course, at the technical level it is discussed in EFC (Economic and Financial Committee no), on June 30 – July 1, and it would be good until then we have a set of measures to be legislated, made available to the Commission and taken into account. It is a matter that is not only by the European Commission, and I would like it, Financial markets. Andrieș said.
“In 2030, we have a deficit less than 3% of the domestic product”
The Secretary of State added that Romania can cope with the rigors from any perspective, but we should consider that this 'tax consolidation is a marathon, it is not a sprint', in the sense that it must be achieved by 2030 and, therefore, it must be a mix between reducing expenses, improving collection and increasing tax revenues.
“I think we must adopt that set of measures that, on the one hand, not significantly affect the economic growth, on the other hand it is an increase in structural income so that it is credible and lead us on that road where, in 2030, we have a deficit of less than 3% of the domestic product.”, The Secretary of State in the Ministry of Finance, Alin Andrieș, pointed out.
