Political crisis in Romania delays tax reforms

Since the interim Government that manages the public administration in Romania after the resignation of PM Marcel Ciolacu is not entitled by the law to endorse emergency ordinances, the restrictive fiscal package expected by the European Commission under the Excessive Procedure (EPD) cannot be passed by the Romanian authorities. For this reason, the European Commission could freeze the disbursement of cohesion funds and the funds under the Resilience Facility, according to sources familiar with the matter within the Romanian Government, as quoted by Digi24.

Interim PM Cătălin Predoiu said that the minister of Investments and European Funds, Marcel Boloş, will meet EC officials in Brussels next week to discuss fiscal reform and the Resilience Facility. Boloş would present an update on this topic after his visit to Brussels, interim PM Predoiu promised, according to Digi24.