The impact of the economic recovery package on revenues will be minus 2.1 billion lei, but this will be offset by the decrease in budgetary expenditures resulting from the draft Law on administrative measures, according to the Substantiation Note of the project on the establishment of economic recovery measures, increasing productive investments and competitiveness, as well as for amending and supplementing certain normative acts in the fiscal-budgetary field, published on Thursday on the website of the Ministry of Finance.
"The impact on budget revenues generated by the establishment of legislative amendments, estimated at -2.1 billion lei in 2026, is offset by the decrease in budget expenditures from the draft Law on the adoption of measures to increase the financial capacity of administrative-territorial units, as well as for the amendment and completion of some normative acts," the cited document states.
According to him, the normative act will stimulate economic development by implementing investment projects, and the measures in the fiscal field have a positive impact by reducing the tax burden on taxpayers.
Regarding the impact on the competitive environment and the field of state aid, the document emphasizes that the competition authority, namely the Competition Council, provides specialized assistance in the field of state aid for the support measures granted under this law, in order to fulfill all obligations resulting from the legislation in the field of state aid.
"The financial support measures provided for in the law are granted by the Ministry of Finance in compliance with the legislation in the field of state aid and following the procedures provided for by Emergency Ordinance no. 77/2014 as well as for amending and supplementing Competition Law no. 21/1996," the initiators send.
At the same time, according to them, the normative act will have a favorable impact on the business environment by stimulating the realization of large-scale investments and the creation of new jobs, while also having a positive effect on the national economy.
"The changes support economic recovery and fiscal stability by reducing the tax burden, encouraging asset modernization and protecting taxpayers against situations beyond their control. Reducing the costs of accessing the capital market encourages taxpayers to attract financing directly from investors and facilitates the diversification of financing sources, reducing dependence on bank loans and consolidating medium and long-term stability. Increasing the VAT ceiling upon collection has a beneficial impact on the business environment, especially by improving liquidity, reducing the risk of non-collection and increasing fiscal predictability, especially for SMEs. A coherent and adequate approach to regulations in the field of public-private partnership projects leads to a positive impact on the business environment, also determining an increase in the degree of trust of public authorities in the business environment that wants to develop projects under the PPP regime (public-private partnership ed.n)," the document reads.
On the other hand, the mentioned source indicates that the realization of investments has a significant role not only in stimulating economic growth at the local and regional level, but also in boosting the development of other economic sectors, having a multiplier effect, because the increase in the number of strategic investments and related industries and services, including those that innovate, is accompanied by an increase in local economic development and the creation of jobs and benefits for citizens.
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