PNL: "Greed" of PSD Government destroys economy

National Liberal Party (PNL) spokesperson Ionel Danca, says that the "greed" of the Social Democratic party (PSD, major at rule, ed.n.) Government destroys the most important sectors of the economy. 

"The hunger for money in the state budget and the greed of the Dragnea [PSD leader, ed.n.] - Dancila [Romania's Prime Minister, ed.n.] Government for revenues from the taxes paid by the companies have clouded their judgment and are destroying the most important sectors of the Romanian economy. The wild over-taxation of companies in energy, communications, banks and commerce will turn against the Romanians who, through their honest work, support the functioning of the state," Danca said, according to a press release issued on Tuesday for AGERPRES. 

"The incompetence of the Dragnea - Dancila Government cannot be covered by measures that dynamite the proper functioning of the market economy. Additional costs imposed by these unprecedented tax measures will be passed on to consumers by higher utilities prices, higher bank instalments and a new explosion of the inflation," the Liberal explained. 

He added that, according to the announcement made by Finance Minister Eugen Teodorovici, a tough reaction of domestic and foreign investors is to be expected which will downgrade the outlook for economic growth. 

The Government proposes that from 1 January, 2019, a tax on greed be imposed on the financial-banking institutions, if the 3-month and 6-month interbank offered rate ROBOR exceed a certain amount, the impact of this measure being able to reach three billion lei, announced on Tuesday at Victoria Palace Minister Eugen Teodorovici.