He added that Romania has the lowest share of revenues in gross domestic product (GDP) of all members of the European Union (EU), of 32.8 percent in 2008, below the euro zone average, of 45.2 percent.
The Government is preparing, after the signing of the agreement with the International Monetary Fund and the European Commission, a second plan to relaunch the economy, including state aid for companies in strategic fields and guaranteeing loans taken out by youths to acquire their first home. Companies which will benefit from state aid and guarantees operate in fields such as agriculture, construction, infrastructure, tourism, environment, and health.
Referring to the lump-sum tax, the prime minister said that this was introduced considering that Romania has one of the lowest taxation rate of all EU members. “The 16 percent taxation rate of the profit tax is one of the lowest in Europe, opposed to Belgium (with a 33 percent tax), Spain (32.5 percent), and the United Kingdom (30 percent),” said Boc. Thus, the prime minister added that “we chose expending the taxation basis over burdening taxpayers.”
