The Government will not be able to operate a budgetaryadjustment in July or August as it hopes to, if Parliament, whichgoes into recess next week, does not speed up the appointment ofthe Tax Council members. According to the Fiscal ResponsibilityLaw, the Council is required to state its views on such anaction.
The Chamber of Deputies yesterday enacted article by article thelaw draft enabling the Government to issue ordinances throughoutthe parliamentary recess, which allows the Government to operate abudgetary adjustment. The Cabinet, however, will not be able to doso, unless the Parliament moves fast and appoints the five membersof the Tax Council, which should come from the NBR, the RomanianBanking Association (ARB), the Romanian Banking Institute (IBR),the Academy of Economic Studies and the Romanian Academy.
The leaders of the two chambers should meet today to look into thematter, given that the deadlines have not been met. The FiscalResponsibility Law that introduces this Tax Council (set tosupervise the Government's economic policies) was promulgated onApril 16. Parliament was supposed to appoint the members of theCouncil within 45 days, which was well over three weeks ago.
The institutions that were supposed to send representatives to theTax Council have not hurried to make suggestions, and neither theGovernment nor Parliament has pressured them to do it. Thenominations of the five institutions had not reached the Senate orthe Chamber of Deputies, either, by yesterday, said Ion Ariton,head of the Finance Committee of the Senate and Ioan Olteanu,member of the Permanent Bureau of the Chamber.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
