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Exclusive Government's plans for 2011 in fiscal policy / See who many taxes will disappear, how the state's debts will decrease and what bonuses will disappear 

de A.C.
Vineri, 17 decembrie 2010, 15:15 English | Top News

The main objective of the 2011 fiscal policy sees the recovery of the fiscal position by reducing spending and supplementing revenues, a document obtained by, signed by the Finance minister Gheorghe Ialomitiany reads. The economic program to reform the public system was agreed with the IMF officials. The main priorities for the upcoming year are: reducing the number and level of taxes and tariffs with a non fiscal character. Of the 263 taxes with non fiscal character in August 2010, 249 have a national character and 14 a local one. There were another 16 taxes/tariffs that will be decreased or merged, the document reads. 

countering fiscal evasion moves online 
  • According to the document, the measures to counter fiscal evasion are: specialized training for inspectors, changing information with the help of the online, reorganizing the customs. 
the state's debt to the private sector - local authorities move too slow 
  • As the state paid a part of its private debts in the Health sector, there was a decrease of the state's debts but the ceiling set for September was exceeded again due to the slow progress of local authorities, the document reads. 
The main risk in 2011: the pensions system which will lead to high deficits in the following years 
  • The annual budget will cover budgetary credits for the payment of debts from the previous year. There can be no new commitments if the state does not pay its debts, the document reads. 

  • The recovery in 2011 is threatened, by the decrease of foreign direct investments, by a high unemployment rate and by the effects of the crisis in Greece. The main risk comes from the pensions system which will lead to high deficits in the upcoming years, the document reads. 

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