PM Emil Boc: we will request EU to lift the VAT registration limit to 50,000 euro

​We will introduce a simplified taxing system for small contributors and request the EU to lift the VAT registration limit to 50,000 euro from 35,000 euro, PM Emil Boc announced in a press conference on Monday.

PM Boc’s statements

• The government successfully ended the IMF/ EC/ WB agreement  
• The objective of the agreement was to ensure the macro stability in the context of the economic crisis. 
• We have reached our objective If Romania would have continued in 2009 and 2010 the policies and deficits from 2008, it would have collapsed 
• To avoid it, we needed tough but correct measures to limit spending and deficits 
• We managed to avoid economic derails 

  About the new agreement 

• The new IMF/ EC/ WB agreement is for 2 years and will be precautionary  
• We do not access the money but if we will need it, we will have them at our disposal  
• The objective of the new agreement is economic growth. 
• The new agreement stands to this scope 
  

  Fiscal policies 

• We estimate for 2011 an economic growth of 1.5 – 2% and for 2012, 3%  
• The 4.4% deficit target for 2011 and 3% for 2012  
• We will implement a simplified taxing system for small contributors. 
• We will request EU to modify the VAT registration limit from 35,000 euro to 50,000 euro  
• The government will continue to restructure the health sector to ensure the well functioning of the system State companies will either be privatized or closed.
•  By the end of June we will have a clear idea what will happen to each company. 
• We do not plan to privatize CEC nor sell our majority pack at Hidroelectrica, Transgaz or Romgaz By September, we will make up a calendar to eliminate regulated prices for energy and gas. 
• The calendar will be implemented from 2013 – 2015
• The aim of the future agreement is economic growth and economic consolidation of the country
•  I thank all Romanians who understood the need of reform