Finance minister Sebastian Vladescu declared that the IMF meeting is scheduled for July 2nd. For now, the VAT increase is valid, Vladescu said. He underlined that next year authorities will decide whther these measures will be maintained.

Here are his main declarations:

  • unemployment rate is 10%
  • we need a new VAT estimate
  • a tax increase brings about a supplementary risk to increase fiscal evasion/ with this increase, we have fiscal evasion
  • we do not have liquidity issues
  • I believe we need to reconsider the tax system in 2011
  • we increased the VAT because we were compelled to
  • I was dissapointed by the Constitutional Court's decision last week: anyone can increase pensions but it is not logical and it is dangerous