Economy under pressure: Bolojan government proposes biggest tax hikes in a decade

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The Ministry of Finance yesterday made the legislative package on fiscal-budgetary measures aimed at reducing the current budget deficit transparent, a package that provides for doubling the bank turnover tax, increasing VAT, increasing excise duties and other taxes, as well as budget expenditure cuts. After the publication of the legislative proposal, Deputy Prime Minister Tanczos Barna, former Minister of Finance, said: "The accelerated growth of public debt and the budget deficit must be