Romania's finance minister announces new reforms to boost revenues

Romanian finance minister Alexandru Nazare (Liberal Party, PNL) announced several reforms aimed at boosting tax revenues and tightening fiscal discipline on Wednesday, August 13. However, he later deferred publishing the document promised during the press conference, perhaps in response to criticism regarding loopholes and inaccuracies in his package.

Minister Nazare expressed hopes that the ministries in the ruling coalition, which have previously inked measures for a second package of reforms (including the ministers of development, health, and education), will resume negotiations so as to put together the entire second package of reforms by the end of August.