President Iohannis and the head of IMF mission discuss improving tax collection, EU funds absorption

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President Klaus Iohannis welcomed at the Cotroceni Presidential Palace a delegation of the International Monetary Fund (IMF) on Thursday, led by head of the IMF mission for Romania, Reza Baqir.

The meeting aimed at unveiling the main conclusion of the mission’s periodic evaluation, the Presidential Administration informs.

Talks focused on the recent economic developments in Romania, IMF’s Baqir underscoring the need for sound economic policies that will consolidate Romania’s economic growth of late, especially because the current tax and budget framework runs a series of risks and vulnerabilities.

Reza Baqir also stressed that Romania needs to improve the absorption of European funds and to improve tax collection, as well as to ensure predictability and fight against corruption.

“The IMF official showed that Romania needs to improve its absorption of European funds and significantly improve its National Tax Administration’s revenue collection, while also securing predictability and support for the continuation of the fight against corruption,” the statement reads.

The Presidential Administration says emphasised at the meeting was the need to rethink the trend of economic policies of the past years from policies for and measures centred on strong stimulation of consumption to policies of support for investment and the production assets of Romania’s economy.

In his turn, President Iohannis mentioned the importance of an increase in confidence in Romania’s economy through credible public policies, efficiency and transparency in public spending, as well as thorough a competitive business environment.

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