Delay in implementing the second round of fiscal reforms by Romania's governing coalition, now scheduled for mid-August.
Romania's Second Fiscal Reform Package Focuses on State-Owned Enterprise Improvements and Revenue Collection
Romania is set to enact its second fiscal reform package, focusing on structural improvements in state-owned enterprises, enhanced revenue collection, health system efficiency, and tax legislation amendments. The package, coordinated by Deputy Prime Minister Dragos Anastatsiu, aims to reinforce fiscal consolidation initiated by the first package and maintain investor confidence and political stability.
The reforms include measures to improve companies where the state is the majority shareholder, amendments to tax legislation, measures to reduce inefficiencies in the health system, and actions to increase overall revenue intake. This package complements the first package, which included increases in VAT and dividend tax, as well as expanded health insurance contribution bases.
Regarding the Anghel Saligni scheme, a public investment initiative named after Romanian engineer Anghel Saligny, while it is not explicitly detailed in the second fiscal reform package, it is likely to be part of the broader public development strategy under the third package focused on development and public administration reforms.
The precise content of the Anghel Saligni scheme within these reforms could not be confirmed, but the second package targets fiscal and structural areas critical for state enterprises and revenue, with the third package addressing public administration and investments.
Interim president of the Social Democratic Party, Sorin Grindeanu, has confirmed that public investments will be reviewed on an individual basis over the next two to three weeks. The Anghel Saligni scheme of public investments is not frozen and will be discussed by county councils and the Ministry of Development within the same timeframe.
Grindeanu's statements have a political dimension, aimed at convincing his party that he has obtained better terms for the second package of reforms from prime minister Ilie Bolojan. The Social Democrats will discuss measures proposed for the second package of reforms, including the turnover tax for all companies, crypto trading taxation, and revisions of several measures in the first package of reforms, with the ruling partners.
Both the second and third fiscal reform packages are planned to be finalized and presented by the end of July 2025 and expected to be implemented shortly afterward, implying enactment would be in the latter half of 2025, following parliamentary approval and official publication.
- The second fiscal reform package in Romania, coordinated by Deputy Prime Minister Dragos Anastatsiu, contains measures related to policy-and-legislation, such as amendments to tax legislation and revisions of certain measures from the first package.
- The ongoing debates on measures proposed for the second package of reforms, including the turnover tax for all companies and crypto trading taxation, are a part of the broader politics and general-news landscape in Romania.
