IMF expects worsening fiscal situation in Romania this year

The International Monetary Fund, which is currently evaluating the stand-by agreement with Romania, is currently analyzing four options for increasing the country's revenues, but in any case it expects a worsening of the fiscal situation in the country this year. The head of the IMF mission in Romania, Jeffrey Franks, who has been meeting Romanian government representatives these days in Bucharest, said the country shouldn't rush out to increase taxes and ruled out the VAT increase and the flat tax increase information which were rumored in the media, saying they are incorrect. But he still expects the worsening of the fiscal situation, he said in a TV show at the Money Channel. Franks said he would give more details about the outcome of the discussion later on today or tomorrow the latest.