Social-democrat chairman Liviu Dragnea revealed on Wednesday, in a press conference, PSD’s draft consolidated state budget for 2017, stating that it will be submitted to Parliament within 10 days since the formation of the new executive after the general elections on December 11.
The main indices considered by PSD in the draft budget for 2017 target a growth of 5.5%, a budget deficit of 2.7% of GDP and an average annual inflation of 1.2%.
According to Dragnea, PSD envisages three major directions for state budget in 2017 – higher revenues for citizens, investments in several areas and tax cuts.
The Social-Democrat leader reviewed the PSD campaign promises – minimum wage of RON1,450; the average wage of RON 3,100; pension point of RON 1,000 and minimum pension of RON 520.
PSD leader explained that by increasing the household incomes PSD is considering raising the minimum wage, wage growth in the public sector, increase of the pension point and the minimum pension, increasing student scholarships.
The second direction aims, in PSD’s vision, investments in economy, education, infrastructure, agriculture and also the setting up of the Sovereign Development and Investment Fund.
The third direction, aiming at tax cuts for businesses and households, anticipates the elimination of the 102 non-tax levies already approved by Parliament, at reducing the turnover tax to 1% and at increasing the ceiling for microenterprises to EUR 500,000.
Dragnea said that this draft budget will be submitted to Parliament no later than ten days after the new government is voted, if PSD will be in charge of the executive, and that Victor Ponta has worked on this project.