Government sets up new inspection body to track public funds in SOEs

Newsroom 28/02/2012 | 15:26

Romanian government approved, today, the set up of an economical-financial inspection department, within the Ministry of Public Finance, that will track the use of public funds, mainly in state owned enterprises (SOEs).

“This measure is part of a larger campaign on better management of public funds and the fight against fiscal evasion, measures announced by the prime-minister,” said Dan Suciu, Government spokesperson.

PM Mihai Razvan Ungureanu announced about two weeks ago a clamp down on fiscal evasion in order to increase revenue.

“We have revenue of 33 percent of GDP, below the EU average of 40 percent. I ask you in 60 days to intensify the fight against fiscal evasion, mainly in alcohol and vegetables, adding 1.5 percent of GDP to the budget,” Ungureanu told an inter-ministerial committee on fiscal evasion.

Justice Minister Catalin Predoiu said Romania has levers and instruments in the legislation to fight fiscal evasion.

Ovidiu Posirca

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