Cutting social security contributions paid by the employer andthe employee by 3% (from an overall 44% to 41% of contributions forevery gross salary) could lead to the creation of 100,000 new jobs,while contributions to the state budget would decline by around 380million euros, according to specialists. The ruling coalition hasdiscussed cutting social security contributions, and the measurecould be introduced in the second half of this year. Theinformation was confirmed by Labour Minister Ioan Nelu Botiş, whoadded that talks on this issue would continue this week.
The state collects around 22.9 billion lei in social securitycontributions in six months' time, with contributions amounting to44% of employees' gross incomes. If the contribution is cut to 41%,the amount collected by the state is down to 21.3 billion lei, i.e.a decline of 1.6 billion lei (380 million euros), an amount thatcould remain at the disposal of companies.
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